{"id":173732,"date":"2023-10-13T21:00:33","date_gmt":"2023-10-13T15:30:33","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=173732"},"modified":"2023-10-13T21:00:33","modified_gmt":"2023-10-13T15:30:33","slug":"madeira-announces-creation-of-bitcoin-business-hub-for-innovation-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/madeira-announces-creation-of-bitcoin-business-hub-for-innovation-crypto-news\/","title":{"rendered":"Madeira announces creation of Bitcoin business hub for innovation &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div data-v-3d3be88a=\"\">\n<p>President of the Regional Government of Madeira, Miguel Albuquerque, has announced plans to create a Bitcoin (<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/cointelegraph.com\/bitcoin-price\">BTC<\/a>) business hub to drive regional innovation. The statement was made during a fireside chat with Prince Filip Kara\u0111or\u0111evi\u0107 of Serbia on the second day of Bitcoin Amsterdam 2023.<\/p>\n<p>Kara\u0111or\u0111evi\u0107 <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.youtube.com\/watch?v=YM_b6q7l0H4\">expressed<\/a> interest in the new Bitcoin business hub, emphasizing its role in technology development and partnerships, with Albuquerque noting the hub\u2019s origins in Madeira and its inclusive collaboration opportunities.<\/p>\n<p>According to Albuquerque, the idea for the Bitcoin business hub started with a group of hard-working professionals and is open to everyone who wants to collaborate. Madeira is an autonomous region of Portugal that has embraced Bitcoin by implementing policies that exempt Bitcoin investors from paying personal income taxes in the region. <\/p>\n<figure><figcaption style=\"text-align: center\"><em>Albuquerque and Prince Filip at Bitcoin Amsterdam 2023\u00a0 Source: Cointelegraph<\/em><\/figcaption><\/figure>\n<p>Kara\u0111or\u0111evi\u0107 commended Madeira\u2019s Bitcoin embrace as a forward-looking technology and a secure, open protocol similar to the internet. A known Bitcoin advocate and the chief security officer of Jan3, the Serbian prince lobbies global lawmakers on the advantages of national Bitcoin adoption.<\/p>\n<p>According to the Madeiran president, his government is shifting the region\u2019s economic focus toward technology, high-tech industries, artificial intelligence and Bitcoin.\u00a0<\/p>\n<p><strong><em>Related: <\/em><\/strong><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/cointelegraph.com\/news\/what-happens-if-sec-appeal-grayscale-spot-bitcoin-etf-ruling\"><strong><em>What happens if SEC doesn\u2019t appeal Grayscale spot Bitcoin ETF ruling?<\/em><\/strong><\/a><\/p>\n<p>During the Bitcoin Miami conference in 2022, it was <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/youtu.be\/p5IwbHvCwP0?si=MlRXwxfDujxF8UZz\">revealed<\/a> that <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/cointelegraph.com\/news\/the-madeira-bitcoin-adoption-experiment-takes-flight#:~:text=Nonetheless%2C%20as%20Cointelegraph%20later%20reported,Bitcoin%20as%20a%20legal%20tender.\">Madeira would adopt Bitcoin<\/a>, with residents who invest in BTC being exempt from personal income taxes. Albuquerque stated: \u201cI have faith in the future and in Bitcoin. People in Madeira who engage in buying and selling Bitcoin won\u2019t have tax obligations related to personal income.\u201c<\/p>\n<p><strong><em>Magazine: <\/em><\/strong><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/cointelegraph.com\/magazine\/cuba-bitcoin-revolution-adoption-embargo\/\"><strong><em>The Truth Behind Cuba\u2019s Bitcoin Revolution: An on-the-ground report<\/em><\/strong><\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>President of the Regional Government of Madeira, Miguel Albuquerque, has announced plans to create a Bitcoin (BTC) business hub to drive regional innovation. The statement was made during a fireside chat with Prince Filip Kara\u0111or\u0111evi\u0107 of Serbia on the second day of Bitcoin Amsterdam 2023. Kara\u0111or\u0111evi\u0107 expressed interest in the new Bitcoin business hub, emphasizing [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":173733,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[235,203,210,234,231,232,237,238,236,233],"class_list":["post-173732","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain","tag-bitcoin","tag-crypto-currency","tag-elon-musk","tag-ethereum","tag-hyperledger","tag-ibm","tag-mining","tag-nodes","tag-spacex","tag-tesla"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/173732","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=173732"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/173732\/revisions"}],"predecessor-version":[{"id":173735,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/173732\/revisions\/173735"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/173733"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=173732"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=173732"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=173732"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}