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- Bitcoin News Ethereum Forecast To Surpass Bitcoin By 2018 | Zero Hedge All of the World’s Money and Markets in One Visualization Swiss Municipality of Chiasso Accepts Bitcoin for Tax Payments Bitcoin is a digital currency, sometimes referred to as a cryptocurrency, best known as the world's first truly decentralized digital currency. Bitcoin is traded on a peer-to-peer basis with a distributed ledger called the Blockchain, and the Bitcoin exchange rate to the US Dollar and other major currencies is determined by supply and demand as with other global exchange rates. The traded value of Bitcoin has proven volatile through various booms and busts in demand. Ultimately, however, many see Bitcoin as a store of value against government-backed fiat currencies. A Swiss municipality is accepting tax payments in bitcoin from its citizens, according to a report by Swiss news outlet Neue Zuercher Zeitung (NZZ). The Municipality of Chiasso, located in the canton of Ticino in southern Switzerland, will accept payments of up to 250 Swiss Francs (CHF) in bitcoin beginning in January of 2018. The move is intended to attract cryptocurrency firms and help the municipality “position itself as a ‘Crypto