Living on Bitcoin

Exec shares process of setting up a business in Switzerland with Bitcoin

Pietro Poretti, the city of Lugano’s director of the economic development division, said that their goal is to allow people to live in the city using only Bitcoin.

That's nice.

According to Poretti, Bitcoin can now be used as capital to set up companies in Lugano. The executive said that businesses can set up shop if they have a minimum of 100,000 Swiss Franc (CHF), about $116,000 USD in Bitcoin, to register a company. Firms would initially need to deposit the amount in Bitcoin to go through the process of having their companies established in the city.

That's not.

Also, Bitcoin aligns with Swiss values — Head of Lugano’s Plan

What are those values?

Zanganeh added that the Swiss are typically “strong on individual sovereignty and financial privacy”, which creates overlaps between the values of Swiss culture and those of the Bitcoin movement:

“We have regular articles in newspapers where we touch on different aspects of Bitcoin and financial liberty. We try to reach people interested in financial freedom and freedom of speech. Maybe they don’t know how Bitcoin plays a role there.”