The government of Liechtenstein is exploring the use of Bitcoin and considering enabling its citizens to pay for government services with the cryptocurrency, according to Prime Minister Daniel Risch. Among the possible uses of Bitcoin is enabling citizens to make deposits in Bitcoin and immediately exchange them for the national currency of Liechtenstein, the Swiss franc. The country is considered crypto-friendly and has a comprehensive crypto regulation framework in place, including the Liechtenstein Blockchain Act, which allows the tokenization of all types of assets and rights. Liechtenstein has attracted several crypto-focused businesses since the adoption of the act.

(By Darya Rudz)

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