Today on day 2 of Bitcoin Amsterdam 2023, the President of Madeira Miguel Albuquerque, along with Prince Filip of Serbia in a fireside chat, revealed the production of a Bitcoin business hub in the area to foster innovation.
“Last night you showed me the picture of what will be the new Bitcoin business hub,” stated Prince Filip. “The association has been created to develop the development of technology and Bitcoin, and all the connections and partnerships you can have. It started with some guys in Madeira who work really hard, and it’s open to everyone who wants to collaborate,” reacted President Albuquerque.
Prince Filip then went on to inform the president that he’s extremely pleased the area of Madeira is welcoming Bitcoin, calling it “a technology for the future” and an “open, secure protocol akin to the internet.” Filip, a staunch Bitcoin supporter and CSO at Jan31, has actually been assisting inform legislators worldwide on the advantages of country state Bitcoin adoption.
“We’re changing our economic [base] for technological companies, high tech, artificial intelligence, and Bitcoin of course,” stated the Madeiran president. “Everything that is connected with Bitcoin is welcome in Madeira.”
At The Bitcoin 2022 conference in Miami, it was revealed that Madeira was welcoming Bitcoin which BTC financiers will pay no individual earnings taxes in the area. “I believe in the future and I believe in Bitcoin,” said President Albuquerque last year. “Individuals in Madeira that purchase and offer bitcoin … do not pay taxes. They’re exempt to individual earnings taxes.”
Earlier this year, a delegation of Bitcoiners went to Madeira to go over Bitcoin with the President Albuquerque, and to see the development of its adoption throughout the area, which can be seen below.
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