prolly nothing... https://www.coindesk.com/business/2...ake-bitcoin-and-tether-de-facto-legal-tender/ Swiss City of Lugano to Make Bitcoin and Tether 'De Facto' Legal Tender The municipality wants businesses to accept crypto in everyday transactions. By Stephen Alpher Mar 3, 2022 at 9:43 a.m. PST Updated Mar 3, 2022 at 10:21 a.m. PST (Bloomberg Finance LP) Aiming to become Europe's Bitcoin capital, Lugano, Switzerland, has formed a partnership with stablecoin issuer Tether to establish bitcoin, Tether and Lugano's own LVGA Points token as essentially legal tender in the city. The move goes far beyond the actions of a number of other Swiss localities that for some time have been accepting crypto for tax payments. Somewhat similar to El Salvador, Lugano – in addition to allowing crypto for taxes – is aiming to have all of its businesses seamlessly use crypto for everyday transactions (in El Salvador, only bitcoin qualifies). At Thursday's "Plan B" event, which was hosted by Lugano's mayor, Michele Foletti, the move was described as a "de facto" legalization, as the Swiss franc will surely remain the actual legal tender in Lugano and elsewhere in Switzerland. Also announced at Plan B were plans for the Bitcoin World Forum to be held in Lugano on Oct. 26-28. Switzerland's ninth-largest city with a population just over 62,000, Lugano is in the Italian-speaking southern part of the country. UPDATE (March 3, 18:20 UTC): Added additional details of the event in third graph.
So a city with only 62k residents thats planning to hold a crypto forum just happens to decide to accept crypto for paying taxes. Pump n Dump...... This while more countries( like China, and now Canada putting laws against its use... Hell, even E Musk refuses buy crypto now, even though he loves to open his big mouth on twitter and mascot for dogecoin now....
Crypto is nothing but the whole baffle them with bullshit ponzi scheme environmentally destructive flawed and distracting
Do you mean the 34 cryptowallets Canada banned after invoking the Emergencies Act recently? This has nothing to do with cryptocurrencies. They also froze fiat bank accounts. Whether you agree with what they did or not, and independent of your views on crypto, what the Canadian government did has to do with the so-called 'trucker' convey, not any antipathy toward cryptocurrencies.
I see nothing wrong with Bitcoin if that is what they want to do, as far as Tethers, the only explanation is huge bribe to city officials. Tether is the biggest fraud up to date.
Tether. Are you SERIOUS? Is it the ponzi capital of the world or something? I bet Dr. Ignatova is hiding there... figures.
Gabe Newell (billionaire and Steam messiah) said, Steam had to stop accepting cryptos because about 50% of the purchases were fraudulent. prolly nothing.... https://www.pcgamer.com/50-of-trans...cepted-bitcoin-for-payments-says-gabe-newell/ ""There's a lot of really interesting technology in blockchains and figuring out how to do a distributed ledger, [but] I think that people haven't figured out why you actually need a distributed ledger," Newell said."
Article did not explain how those 50% crypto transactions were fraudulent There are no charge-backs with bitcoin (crypto) payments A vendor cannot lose money when someone uses crypto as payment, but will lose money with someone doing a chage-back on the credit card NewEgg, Cheapair.com, Microsoft, and every single vendor that accepts bitcoin (cryptos) as payment, I have not a seen single article mentioned fraudulent transactions with cryptos I call bullshit. Steam is not fond of crypto gaming and metaverse competitors, perhaps...
Call me crazy, but I hold over 6 figures $ worth of Tether right now Imho, Tether is not going to collapse and it has the most liquidity of all the stablecoins, at Coinbase, Binance, FTX, and all the on-chain defi platforms