As we speak on day two of Bitcoin Amsterdam 2023, the President of Madeira Miguel Albuquerque, alongside Prince Filip of Serbia in a hearth chat, introduced the creation of a Bitcoin enterprise hub within the area to foster innovation.
“Final evening you confirmed me the image of what would be the new Bitcoin enterprise hub,” mentioned Prince Filip. “The affiliation has been created to develop the event of expertise and Bitcoin, and all of the connections and partnerships you’ll be able to have. It began with some guys in Madeira who work actually onerous, and it is open to everybody who desires to collaborate,” responded President Albuquerque.
Prince Filip then went on to inform the president that he is very completely happy the area of Madeira is embracing Bitcoin, calling it “a expertise for the longer term” and an “open, safe protocol akin to the web.” Filip, a staunch Bitcoin advocate and CSO at Jan31, has been serving to educate lawmakers around the globe on the advantages of nation state Bitcoin adoption.
“We’re altering our financial [base] for technological corporations, excessive tech, synthetic intelligence, and Bitcoin in fact,” mentioned the Madeiran president. “Every little thing that’s related with Bitcoin is welcome in Madeira.”
At The Bitcoin 2022 convention in Miami, it was announced that Madeira was embracing Bitcoin and that BTC traders pays no private earnings taxes within the area. “I consider sooner or later and I consider in Bitcoin,” mentioned President Albuquerque final 12 months. “People in Madeira that purchase and promote bitcoin … do not pay taxes. They’re not topic to non-public earnings taxes.”
Earlier this 12 months, a delegation of Bitcoiners visited Madeira to discuss Bitcoin with the President Albuquerque, and to see the progress of its adoption throughout the area, which may be seen below.
