16.03.2021
How do you ensure that there is no loss of value for the Canton Zug due to the volatility of cryptocurrencies?
16.03.2021
How do you ensure that there is no loss of value for the Canton Zug due to the volatility of cryptocurrencies?
The Zug Finance Directorate and the Tax Administration are not exposed to any currency risk of cryptocurrencies.
Bitcoin Suisse AG is the operator of the crypto payment solution and, in this role, assumes the exchange rate risk.
Bitcoin Suisse AG transfers the tax debts settled in cryptocurrency to the Zug Financial Directorate of the Canton of Zug exclusively in Swiss Francs.