The Prime Minister of Liechtenstein, Daniel Risch, has announced that the government is considering accepting Bitcoin as payment for official services, with the condition that any cryptocurrency received will be instantly converted to Swiss francs to avoid exchange rate risks. Risch clarified that Bitcoin would not be given the same status as the franc, which is the official currency of the principality. This move follows similar steps taken by the Swiss cities of Zug and Lugano, which have legalized Bitcoin payments for certain taxes and fees related to public services. Liechtenstein has become a hub for cryptocurrency banking and investing services, with the Liechtenstein Cryptoassets Exchange (LCX) among the companies that have established themselves in the country.
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