Major announcement from Swiss city of Lugano who plans to de facto make Bitcoin and USDT legal tender, enabling everyday payments in business as well as tax payments in crypto.

At Thursday's "Plan B" event, which was hosted by Lugano's mayor, Michele Foletti, the move was described as a "de facto" legalization, as the Swiss franc will surely remain the actual legal tender in Lugano and elsewhere in Switzerland. Also announced at Plan B were plans for the Bitcoin World Forum to be held in Lugano on Oct. 26-28.