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Pro-crypto city of Lugano and El Salvador sign economic agreement based on adoption By Cointelegraph



Pro-crypto city of Lugano and El Salvador sign economic agreement based on adoption

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 (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.”