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.