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May 8 (Reuters) – Liechtenstein plans to allow bitcoin payments for some public services, Prime Minister Daniel Risch told German business daily Handelsblatt in an interview.
“A payment option with bitcoin is coming,” Risch said in Sunday’s interview, without giving a specific time frame.
Risch, who is also Liechtenstein’s finance minister, said the country plans to accept Bitcoin deposits and exchange them immediately for the Swiss franc, the national currency.
The prime minister said there were no plans for big risks with state money, but added that he was ready to invest state reserves in bitcoin in the future.
State reserves, which are mainly invested in the capital market, currently stand at 2.23 billion Swiss francs ($2.51 billion), the Handelsblatt reported, citing the Ministry of Finance.
“Cryptocurrencies like bitcoin are still too risky. But this assessment can of course change,” Risch said.
($1 = 0.8886 Swiss francs)
Reporting by Bartosz Dabrowski in Gdansk
Our standards: The Thomson Reuters Trust Principles.
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