Swiss Town to Accept Tax Payments in Bitcoin

The municipality of Chiasso in Switzerland is to start accepting tax payments in bitcoin, according to a local news report.

The new scheme, to be put into place for the start of next year, was apparently made following discussion with various blockchain groups based in the area.

There are limits to the scheme, however, and tax payments made in bitcoin cannot exceed 250 Swiss francs (around $265), the report states.

The Mayor of Chiasso, Bruno Arrigoni, was cited as saying that the town is "recognised internationally as an epicentre of a growing technological and economic growth for both the canton and in Switzerland."

Nicknamed the "CryptoPolis," Chiasso is set on establishing itself as a rival to the country's blockchain epicentre Zug, and has reportedly seen eight startups set up base there in the past few months.

Zug, which has become famous internationally as Switzerland's "Cryptovalley," announced it would allow citizen to pay for government services in digital currencies back in 2016. However, Zug has not made any move to integrate bitcoin tax payments as an option for its inhabitants.

https://www.coindesk.com/swiss-town-to-accept-tax-payments-in-bitcoin/

I would say no as well. I think the feeling will makes us feel good but no expert. It just based on luck and you consider expert then you are very extremely lucky I guess. But I don't know if there will be so called gambling expert. Everyone has his winning days in gambling, but for most of us, we are always on the losing end. We played to profit and should not claim as an expert because nobody is. Its purely based on luck.

Looks like a very promising project to offer in bitcointalk. But how can we know that you are really white hackers and not going to steal our crypto? Again this is a good project specially for those ICO's that are going to open. They can hire you to secure and protect the funds of the investors. Of course they will ask for your reputation and we all wanna know that they will not feel for a white hacker who turns up to be black. LOL.

Its like the Aug 1 split, people are saying that bitcoin will be doomed but what happened? Bitcoin touch $3000 before the split and now we are going to $4500-$5000 again. If the looming Segwit2x is implemented, I guess we are going to take the same way. It may dip at the beginning, but once it gain steam, we may see a massive bull run that will push bitcoin to $6000-$7000 at the end of the year. I'm very positive about that.

Its more of a lost for them not ours. I don't know what the feeling of a Chinese bitcoin enthusiast by now. The bitcoin they all loved was suddenly shutdown by their government. Its just sad though, but life must go on and bitcoin has already recovered and we can see the price is $4300 now. This really proves has resilient bitcoin is and its possible that it can go even further if the bitcoin train has just started its steam. We don't know when is the next stop. Maybe $5000 again?

I think they may have been looking at crypto's already starting when they investigated the fake trading volumes around Feb-March this year. And when the price ballooned to $4000-$5000 this month, they can no longer ignore if. So they step up specially stopping fake or scam ICO, specially that a lot of Chinese has been investing on it ever since. I guess they just want to protect their people against it, but the timing of the declaration is somewhat off.

I just used Electrum wallet. They are very lightweight and you don't need to download the full nodes to be able to get it to function. You can also change fees as well. For me this is the best wallet beside the Core and Blockchain.info. Of course with Electrum, you have the control of your seed. So in case, you can recover your wallet. Just be careful and store your seed somewhere else and have it printed for safe keeping.

Just like he said their government rule sometimes change so he believed that it will not be a permanent decision. Maybe in a few months or years they will suddenly change their ruling against ICO and will just put a tighter regulation. I admire that OP and this is a inspiring story indeed specially for us non-Chinese who truly believed and invested in it. Can you please let us know that are the real sentiments of our fellow Chinese bitcoiners regarding the news that's coming out lately from your China regarding the crypto-currency?

No, I don't think that fall drastically as you have describe. Its only when the news coming from China really pull the prices back after enjoying a massive bull run that saw hitting $5000. But if you will check the price now, its trading at average of $4200 so for me it has already recovered from the negative news. I think if you will read carefully those predictors, they said that their might be a pullback before going in at $5000-$7000. Although most of them didn't see the news coming from the Chinese.

Correct, maybe before, bitcoin or crypto and not in their radar. But seeing how the price goes from ~$1000 to more than $4000 this year alone, I think they felt that they are threaten by this currency that's why all of a sudden they are making a huge U-Turn against it. They really want to take a hold and control everything crypto. And then are taking the first step now by banning ICO and shutting down the local exchanges.

I agree. His name will be tainted with the 'BTC-e laundered money'. I guess he just trying to protect his name or reputation, but my question is, does he have that reputation to begin with? I think he has been involving himself to a lot of scam and I remember some Legendary Member here posting links about him his company and the history of scams that he is alledgely involved.

In his first interview since his arrest, alleged BTC-e operator Alexander Vinnik has said he is innocent of charges brought against him by the U.S. government.

Arrested in Greece in July following an investigation by the U.S. Department of Justice, the Russian native is currently being held there on charges of money laundering and operating an "unlicensed monetary service" until he can be extradited to the U.S. Vinnik refused to allow himself to be voluntarily extradited.

In the interview with Russia Today, Vinnik said:

"I do not consider myself guilty … The fact that I worked for BTC-e and did my job, and it's not justifiable to accuse me of it. I found out about the charge about a month after I was taken into custody. This was told to me by my Russian lawyer."

Source: https://www.coindesk.com/alleged-btc-e-administrator-i-do-not-consider-myself-guilty/

I feel asleep watching the main event LOL. Yes the fans are booing because they want both fighters to engaged. But they just touch each other until the take down in the fight. Nunes really doesn't have sparks to be a champion unlike the Ronda Rousey, who became the face not only of the bantamweight division, but the UFC for many years. I'm liking him to D. Johnson, although one of the best and the current champion, seems to lack the star power that a champion like Jon Jones. And as champion for me Nunes should at least the aggressor in this fight.

I'm not from Nigeria but definitely I can give you the support. I think Africa is one place that bitcoin can really thrive IMHO. However, I don't know if Africa is ready for the revolution. How's the infrastructure though? Internet connection? I also supports your advocate against Scams because sad to say, a lot of scams are coming from Nigeria. From gold bullion scam to crypto currencies in general. I wish you goodluck and the Nigerians to carry the torch in this bitcoin revolution.

Depends on the game. If its like sports betting then definitely you can say that you are an expert because you able to call everything correct and won. Another is poker, if you win that tournament, then you are an expert because you beat everyone, you are the best of the best. But if you won let's say in slots or online dice game, its more on luck and not skills or your ability to 'read the other team or the opponents'.

There you go as least you got a answer from their support and you need some patience here. I'm assuming that they are doing this upgrade to protect their customer based against DDoS or even an hack. So its gonna be worth to wait till everything is up and ready for us.

Edit: I was able to connect their just now. Maybe you can try on your end to see if its work. Otherwise you will need to contact support again. Happy trading.

I just get my updates here in the forum in the Press Release section. Although all the news from there comes from websites like coindesk, coinidol, news.bitcoin.com or cointelegraph.com. But what I really like about the Press Release section is that you will see a lot of comments so you will know if the news is really just rubbish or fake news. Most of the experienced members chime in that forum so you will have an idea what the news is all about and what it can bring to the market. So I also suggest you visit that thread as well.

They say that its weight issues, other news says its virus infection. Its not clear though was is the real reason. Yes, Dana White is very pissed off right now because of the cancellation of the main event.

For me, Demetrious Johnson is really the best pound for pound right now. The only problem I see is that he really don't get as much exposure as those big guys that's why you may feel that he is disappointed and frustrated. But if he really wants to step up the plate then he should move up in weight and challenge the big guys.

Damn. So its really fake news. But the problem is that the damaged is done already. Many nervous investors already dump their coins pulling the price back to $4200 again. But yeah, usually during weekends the market is quiet with few major orders. But I hate that the news causes panic, and now those who have sold already and read this news will surely regret their decisions. Oh well, that's life.

LOL. I seriously doubt that we can ever touch that price again. Its more than half of the current price and the only thing I can think of such scenario happening is that big whalers dump their coins and shift to altcoin market. Do you think that they are stupid to do not? I don't think so. So this scenario is nearly impossible.

I don't think that we are in a bubble. This is already 2017 and a lot of investors is already in bitcoin. We even have a country that is backing up the market. Japan and Australia. The price decline now is due to the China announcement about banning ICO and local exchanges. Its not that a bubble has been burst.