The Liechtenstein government plans to adopt it Bitcoin as payment for government services, Prime Minister Daniel Risch to the Handelsblatt.
The proposal is to exchange any cryptocurrency received immediately Swiss francto avoid exchange rate risks, says Risch. The franc is the principality’s official currency and bitcoin is not treated equally, he said.
Risch — who also serves as finance minister — signaled openness to investing government reserves in cryptoassets in the future. According to the Handelsblatt, the debt-free country saves three times its annual budget of CHF 900 million and invests the money in securities.
“Cryptoassets like Bitcoin are currently still too risky,” said Risch. “But that assessment may change.”
The proposal is to exchange any cryptocurrency received immediately Swiss francto avoid exchange rate risks, says Risch. The franc is the principality’s official currency and bitcoin is not treated equally, he said.
Risch — who also serves as finance minister — signaled openness to investing government reserves in cryptoassets in the future. According to the Handelsblatt, the debt-free country saves three times its annual budget of CHF 900 million and invests the money in securities.
“Cryptoassets like Bitcoin are currently still too risky,” said Risch. “But that assessment may change.”
