In a previous announcement in 2020, the Swiss authorities said that, from February, citizens and companies based in Zug will be able to pay up to 100,000 CHF (around $111,300) of their taxes in either bitcoin (BTC, -1.87%) or ether (ETH, +0.27%). No partial payments in cryptocurrency will be accepted.
Zug has been dubbed "Crypto Valley" over the many industry companies drawn to the jurisdiction over its friendly blockchain and crypto regulation.
