Madeira’s President alongside Prince Filip of Serbia announced the creation of a Bitcoin business hub in the region to foster innovation.President Albuquerque emphasized that this initiative was inclusive and open to all who wished to participate in fostering Bitcoin innovation.the establishment of a Bitcoin business hub in the region to promote innovation. The announcement came during a fireside chat at the event.
Prince Filip expressed his enthusiasm for Madeira’s embrace of Bitcoin. He referred to it as “a technology for the future.” He also likened it to an “open, secure protocol similar to the internet.” President Albuquerque highlighted Madeira’s commitment to transforming its economic landscape to accommodate technological companies, high-tech ventures, artificial intelligence, and Bitcoin-related initiatives. He welcomed all endeavors connected with Bitcoin and emphasized the region’s open-armed approach to the cryptocurrency.The initial declaration of Madeira’s Bitcoin-friendly policies, including tax exemptions for BTC investors, occurred at The Bitcoin 2022 conference in Miami.