The Liechtenstein government will allow citizens to use Bitcoin to pay for government services. In an interview with Handelsblatt, the country’s prime minister Daniel Risch said.
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\”The possibility of paying with Bitcoin will appear soon,\” he said, without giving a specific timeframe.
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The publication noted that a similar approach is used by some Swiss municipalities, in particular, the canton of Zug.
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Risch also did not exclude that the state could invest part of its reserves in Bitcoin.
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Liechtenstein is a crypto-friendly jurisdiction. In 2019 the country’s parliament passed the Blockchain Act (Liechtenstein Blockchain Act), which created a regulated environment for providers of services related to digital assets.
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In May 2022, LGT Bank, belonging to Liechtenstein’s princely house, offered crypto custody services to private clients, as well as the possibility of investing in Bitcoin and Ethereum.