Madera announced the creation of a Bitcoin trading center for innovation
The president of the regional government of Madeira, Miguel Albuquerque, plans to create a Bitcoin (BTC) business center to promote regional innovation. The statement was made during a fireside chat with Serbian Prince Filip Karadorcevic on the second day of Bitcoin Amsterdam 2023.
Karađorđević expressed interest in the new Bitcoin business center, emphasizing its role in technology development and partnership, Albuquerque citing the center's origin in Madeira and the opportunities for cooperation within it.
According to Albuquerque, the idea of a Bitcoin trading hub was initiated by a group of dedicated professionals and is open to anyone who wants to collaborate. Madeira is the Portuguese region that has accepted Bitcoin by implementing policies that exempt independent Bitcoin investors from paying personal income tax in the region.
Karađorđević praised Madeira's Bitcoin embrace as a forward-looking technology and secure open protocol similar to the Internet. A well-known Bitcoin advocate and chief security officer of Jan3, the Prince of Serbia lobbies international legislators on the benefits of national Bitcoin adoption.
Madeira's president says his government is shifting the region's economic focus to technology, high-tech industries, artificial intelligence and bitcoin.
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In the year At the Bitcoin Miami conference in 2022, it was announced that Madeira will accept Bitcoin as residents who invest in BTC are exempt from personal income tax. Albuquerque said: “I have faith in the future and in Bitcoin. People engaged in buying and selling Bitcoin in Madeira will not have tax obligations related to personal income.
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