President Miguel Albuquerque of Madeira has announced plans to establish a Bitcoin business hub in the region, with the aim of fostering innovation. The announcement was made during a conversation with Prince Filip of Serbia at the Bitcoin Amsterdam 2023 event. Prince Filip expressed his interest in the hub, highlighting its potential for technological development and partnerships. President Albuquerque emphasized that the hub is open to collaboration from anyone and originated from a group of dedicated professionals. Madeira, an autonomous region of Portugal, has already embraced Bitcoin by implementing policies that exempt Bitcoin investors from personal income taxes. Prince Filip praised Madeira’s forward-thinking approach to Bitcoin, comparing it to the Internet in terms of its secure and open protocol. As the Chief Security Officer of Jan31 and a Bitcoin advocate, he actively promotes the benefits of national Bitcoin adoption to global lawmakers. President Albuquerque revealed that his government is shifting the region’s economic focus towards technology, high-tech industries, artificial intelligence, and Bitcoin. This aligns with Madeira’s recent decision to exempt residents who invest in Bitcoin from personal income taxes. President Albuquerque expressed his confidence in the future of Bitcoin and its potential to drive economic growth in Madeira.

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Information	Details
Geography	Europe
Countries	🇵🇹 🇷🇸
Sentiment	positive
Relevance Score	1
People	Filip of Serbia, Miguel Albuquerque
Companies	Jan31
Currencies	Bitcoin
Securities	None