If they are successful in implementing this to their city, more than likely, other neighboring cities may probably follow. With small population, this will be easier to manage. And they can easily see how crypto will affect their financial system and the way of life of its people. So even if it is Polygon network, it is good to hear that they are trying to integrate blockchain technology in their system.

Never mind, bitcoin is more or less impacted by the war news rather than the sparks in green field. As far as war is concerned I am sure Russians and Ukrainians are pulling off the bitcoin market, so there is possibility we are loosing the value on that side. Anyways, its hard to state that but bitcoin has misbehaved multiple times since the war broke out.

Talking about the news, I am not sure why only taxes? 

Whats in the taxes that is not in the day today usage of the bitcoin? I mean if they wanna make it legal tender then hell go replenish the whole economic circle with the bitcoin use. Like that of EL Salvador. May be we can have up surge after that news.

They are testing the waters still and kind of balancing act whether IMF will do something against it. There is a chance that Swiss will go full on BTC if it's just a tap on the wrist. Just a slightly different path to take but they may be there too like El Salvador.  If there isn't so much rebuke, I guess it's a go signal.
Switzerland should have been the first to have adopted BTC because they are known for thier neutrality.

https://bitcoinmagazine.com/business/lugano-switzerland-will-make-bitcoin-legal-tender

it will be very exciting to observe the whole development in this city. in addition, the Bitcoin world forum is to take place in october this year

Anything that has to do with the development of BTC in countries is definitely welcomed especially if we see that countries are starting to see its potential and widespread use.

In the event that Lugano does indeed accept BTC as a form of payment for taxes, then that will be the start of potential implementations in the future. Its development and use has to start somewhere- and they chose for the payment of taxes, which implies that the government recognizes its use and capability in their future transactions.

I just hope that countries would soon adopt and use this as an example in order to integrate cryptocurrencies in our day-to-day transactions.

i was there, it was amazing.

El Salvator is a developing country, Lugano is the third financial center of Switzerland, there is a big difference.  They are planning to create the whole ecosystem to make bitcoin to succeed, not only by adopting it as a de facto legal tender but also by planning all of the interventions as per the list below. Do that in a big financial center like Lugano, and be sure that things are just going to explode for btc.

A summary:

Very well organized institutional event with a turnout of at least 600/700 people (after 2 years of restrictions I was no longer used to it). I have seen many people in the sector but also many new and curious faces.

Summary by points:
- Bitcoin, USDT and Luga (a local token pegged to the cent of a franc) will be legal tender in Lugano. For BTC it will use Lightning Network, for the other Polygon in order to minimize the impact of fees)

- you can pay taxes, buy things and services with BTC USDT LUGA (at the moment over 200 businesses have joined)

- 3 million francs have already been allocated to help local companies gear up to accept crypto

- 100 million will be allocated to attract crypto companies from abroad

- there will be 500 scholarships to train professional figures in the crypto world (dev, compliance, customer care)

- space will be created for 25 startups in the crypto world

- a mining project will start that will use electricity from 100% renewable sources

- on 26/27/28 October there will be a 3-day event in Lugano. The Bitcoin World Forum


Recording of the event (Eng/ita) : https://youtu.be/Zfh-oOlt03I

Which makes me believe there are benefits we don't yet see. Legalizing Tether gives me the impression that there are some really shady things going on.

It doesn't want to be dependent of the USD, but it wants USDT which is a stable coin of USD with an extra layer of centralization? Nope, that's definitely not the case.

It is definitely a good news whenever bitcoin gets accepted in more places. It is obvious that we will rarely see any kind of change in the approach from other places just because of this, but it is not impossible neither. I believe this could have been even more promoted after the El Salvador deal.

I am not saying that they did it because El Salvador did it, but they were probably looking at doing it anyway, and then El Salvador doing it ended up being the key thing that they looked at and they saw that it helped them. Now this is probably a richer place than El Salvador, even if it is just a city, and I think they could do a lot better job.

So it will soon be possible to pay for purchases in shops in this city with bitcoin? That's certainly good news, especially from a developed country like Switzerland. The only thing I don't understand is whether it has anything to do with the Tether partnership. If I understand correctly, bitcoin will be converted into USDT which equals 1:1 to the dollar. Or does the bitcoin remain bitcoin and goes to the BTC address? If not, it's a tricky business for Tether.