Hailed as a “success” by local officials, the vote was held using a trial digital ID system announced in June of this year.
City authorities, who have issued digital identities to residents since 2017, are currently evaluating different applications of blockchain technology for governance.
Out of 240 total voters who registered, only 30 percent participated in the trial.
Zug is a hotspot for cryptocurrency and blockchain companies known for its low taxes and favorable cryptocurrency laws.
This blockchain-friendly city is home to a cluster of cryptocurrency businesses and foundations, including the Ethereum Foundation, Tezos Foundation, ShapeShift and Xapo.
The Swiss city of Zug’s first local blockchain-based municipal vote has been successfully completed, the Swiss News Agency reported yesterday, July 2. Zug, also known as Crypto Valley, announced plans to trial a blockchain voting system using the city’s digital ID (eID) system, launched in November 2017, that allows citizens to vote on their mobile
On July 2, 2018, Coinbase officially launched Coinbase Custody. After accepting its first trial deposit last week, the newly introduced custodial service is up and running. “Today, we’re proud to announce that we’re officially open for business,” Coinbase Custody’s Product Lead Sam McIngvale writes in a blog post. Its goal is “to make digital currency
On July 2, 2018, Coinbase officially launched Coinbase Custody. After accepting its first trial deposit last week, the newly introduced custodial service is up and running.
Switzerland’s Crypto Valley is continuing to grow despite the Covid-19 pandemic, with its top 50 companies increasing in value by more than $200 billion in less than one year.
The Zug cantonal tax office has enabled this crypto adoption using the Bitcoin Suisse Crypto Payments solution, the announcement read. An accompanying video shows how Swiss crypto-enthusiasts can use their BTC or ETH to pay their taxes.
9th October 2020, Zug, Switzerland – The non-profit Corion Foundation is pleased to announce a new partnership with the Syscoin Foundation. The foundation partnership is the result of a shared vision to make global access to swift, safe low-cost Open Finance solutions a reality.
At the LA Blockchain Summit, the blockchain and fintech venture studio Draper Goren Holm announced the launch of a $25 million blockchain fund called “Fund 1. ” According to the announcement the money will be used for promising blockchain and fintech startups in Series A and seed investments.
Switzerland’s crypto valley, Zug, is taking another step towards complete virtual currency adoption with plans to begin accepting tax payments in cryptocurrency. Several tax offices around the world have okayed citizens meeting their tax obligations using virtual tokens.
Atupri, a Swiss health insurance provider, said Monday that its 200,000 customers will now be able to make payments using bitcoin and ethereum. The 110-year old firm claims it is the “first” insurer in Switzerland to accept cryptocurrencies.