The president of the Regional Government of Madeira, Miguel Albuquerque, recently announced plans to launch a business hub focused on itcoin-etf-odds">itcoin">Bitcoin. The hub aims to promote innovation and technology development in the region.
Albuquerque revealed the itcoin">Bitcoin business hub during a fireside chat at the itcoin">Bitcoin Amsterdam 2023 conference. He emphasized the hub will enable collaboration and highlighted its origins within the Madeira community.
Madeira, an autonomous region of Portugal, has embraced itcoin">Bitcoin through policies exempting crypto investors from income taxes. Prince Filip of Serbia, who joined Albuquerque in the fireside chat, praised Madeira’s forward-thinking adoption of the digital asset.
According to Albuquerque, Madeira is shifting its economic focus toward emerging technologies like AI and crypto. The government views the new itcoin">Bitcoin hub as part of its broader effort to become a hub for high-tech industries.
Madeira made waves in 2022 when it announced residents investing in itcoin">Bitcoin would not pay personal income taxes related to their crypto activity. The upcoming business hub represents the next step in establishing the island as a crypto-friendly jurisdiction.
The creation of a dedicated itcoin">Bitcoin center focused on driving innovation cements Madeira’s standing as one of the most crypto-progressive regions in Europe. For itcoin">Bitcoin advocates, the hub offers opportunities for collaboration at the intersection of finance and technology.
