Pro-crypto city of Lugano and El Salvador sign economic agreement based on adoption
Pro-crypto city of Lugano and El Salvador sign economic agreement based on adoption
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Switzerland’s southern city of Lugano and El Salvador have signed an economic cooperation agreement based on crypto and blockchain.
According to an Oct. 28 announcement from Lugano, the two pro-crypto jurisdictions signed a memorandum of understanding on economic cooperation at the city’s Plan B event. Lugano Mayor Michele Foletti cited El Salvador adopting Bitcoin (BTC) as legal tender as part of the city’s interest in the agreement, which will allow the pro-crypto country to establish a physical government presence in an effort to “foster cooperation with educational and research institutions.”
