Swiss City Announces Plan to Verify IDs Using Ethereum
A Swiss city known for its cryptocurrency startup ecosystem is launching a new ethereum-based identity service.
The finance director of Switzerland's "Crypto Valley" has been denied a request for extra assistance for blockchain and crypto startups affected by coronavirus funding drought.
Increased regulation, as long as it is done with industry cooperation and the aim of de-risking the broader market, will hasten blockchain adoption.
Citizens and companies in Zug will be able to pay up to $109,000 of their tax bill in either bitcoin or ether starting next February.
Zug, home of the "Crypto Valley" in Switzerland, has successfully completed its first test of a blockchain-based voting system.
The Swiss City of Zug is launching a pilot that will allow residents to vote electronically, with both polling system and IDs based on blockchain.