Swiss Canton of Zug To Accept Taxes in Bitcoin, Ethereum - Decrypt

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    L has bought Swiss crypto services company Aximetria from venture capital firm Digital Horizon, the companies said on Wednesday, as the bank steps up its international expansion.

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    TCS, which runs Russia's largest online bank Tinkoff, has seen its customer base surge to more than 18 million, aided by an influx of retail investors during the COVID pandemic. TCS said Aximetria would be developed as part of Tinkoff Group's international expansion and that details of the deal would be disclosed in its annual accounts.

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    The Bell, an online news outlet that first reported the deal, said TCS's stake in Aximetria may amount to BCS Global Markets said the likely small transaction size meant the Aximetria deal was not so significant, but noted there was lots of interest from retail investors in crypto assets, where Tinkoff is a strong player. Russia has argued for years against cryptocurrencies, saying they could be used in money laundering or to finance terrorism.

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    It eventually gave them legal status in but banned their use as a means of payment. Reuters broker cripto zug month cited sources as saying the central bank sees risks to financial stability from the rising number of crypto transactions and advocates a "complete rejection" of them.

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    This story refiles to correct name to Horizon from Horizons in paragraph 7. Technology Roundup Sign up to our tech newsletter to get the latest news and trends in the global technology industry. Sign up Subscribe to our newsletter to get all the news you need to start your day. Sign up.

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