Madeira government announces exclusive bitcoin center


 


Madeira government

announces exclusive bitcoin center


Madeira Regional Government President Miguel Albuquerque unveiled a dedicated bitcoin business area aimed at promoting technological innovation and global partnerships.


Madeira Regional Government President Miguel Albuquerque confirmed the opening of a business center focusing solely on bitcoin and related innovations.


Speaking with Serbian Prince Philip

Karaordevic at Bitcoin Amsterdam 2023


This step has been framed as an important step towards technological progress

and international partnerships.


Through the strategic

transformation of its economic narrative

Madeira

Portugal's autonomous region

is increasingly investing in modern technological sectors.


This trend towards sophisticated industries such as artificial intelligence and high technology, in particular bitcoin, reinforces the region's goal of becoming an innovation hub.


Albuquerque explained that the vision for this specialized business

area originated from a dedicated service of professionals.


Bitcoin Center aims to make expanded collaborative efforts

and invite any parties interested in contributing.


Madeira has an open

approach to bitcoin

as confirmed by legislation waiving personal income tax

for bitcoin investments in the region.


Continuation of

Madeira's progressive policy

Last year

during the Bitcoin Miami 2022 Summit

Madeira highlighted its proactive bitcoin policies.


Not only did the region adopt bitcoin, but it introduced tax incentives for bitcoin investors, effectively exempting them from personal income taxes.


Karajordjević

who participated in the Declaration

highlighted the international potential of partnerships in this new project.


The leaders stressed the role that such a step could

play in promoting innovation and driving technological growth on a global scale.


With a population of

about 250,000, Madeira embraces the potential that

comes with this emphasis on bitcoin

and outlines a future vision of its economic landscape.

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