Madeira Launches Bitcoin Business Hub to Drive Regional Innovation
The President of Madeira, Miguel Albuquerque, alongside Prince Filip of Serbia, officially announced the establishment of a Bitcoin business hub to promote innovation in the region.
This announcement was made earlier today during a fireside chat on the second day of the Bitcoin Amsterdam 2023 event.
President Albuquerque stated that the innovation has been created to propel the development of technology and Bitcoin, with a keen focus on encouraging potential collaborations and partnerships.
He further stressed the hub's open and inclusive approach, warmly welcoming diverse contributions from various stakeholders in the cryptocurrency space.
The president also emphasized Madeira's commitment to reshaping its economic landscape to accommodate participants in the Bitcoin sector, including technology companies, initiatives, and ventures.
This proactive stance reflects the region's dedication to embracing the ever-evolving digital currency landscape.
Meanwhile, Prince Filip expressed his optimism regarding the region's adoption of Bitcoin, describing it as a "technology for the future."
Prior to the Bitcoin Amsterdam 2023 day-two announcement, Filip has been a persistent supporter of Bitcoin adoption and has educated lawmakers globally about the benefits of the intrinsic asset.
During the Bitcoin 2022 conference in Miami, President Albuquerque made a significant announcement, revealing Madeira's intention to become a Bitcoin-based nation-state.
He emphasized his unwavering belief in Bitcoin's future and declared that investors dealing with the asset in the region would be exempted from personal income taxes.
Earlier this year, a delegation of Bitcoin enthusiasts traveled to the region to share opinions about Its development with
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