September 3, 2020 Swedish Canton of Zug to accept tax payments in cryptoassets.

Canton of Zug, a member state of Switzerland, released today an official document signaling its intent to accept Bitcoin and Ether as tax payments. The initiative is a collaboration with Bitcoin Suisse, which will convert the BTC and ETH into francs upon receipt. A pilot program is set to begin in coming weeks. Notably, the canton’s capital, Zug, has accepted BTC as tax payments since 2016, also with the help of Bitcoin Suisse.