After El Salvador’s President Nayib Bukele announced at the BTC Conference 2021 in Miami last year that he would introduce BTC as a legal means of payment, the crypto space was upside down. State adoption was what the BTC community could only dream of for a long time.
Thus, once again this year, all laser eyes were on the event in the Sunshine State of Florida. The hope: more governments that would seize the limelight and momentum to adopt the crypto reserve currency in their respective countries.
No sooner said than done: Yesterday, April 7, at the BTC 2022 conference, Miguel Albuquerque, President of the autonomous region of Madeira, announced at least a first step towards the BTC standard in Europe: favorable tax conditions on the Portuguese island for crypto fans:
As the Government of Madeira and as President of the Government, I believe in the future and I believe in BTC
Miguel Albuquerque on the BTC 2022 Conference
Samsom Mow, former chief strategist at the company block stream and Joel Bomgar, President of Prospera Inc. and Republican US Congressman, also announced that the Caribbean island of Roatan, which is part of Honduras, is also making BTC legal tender:
BTC acts as legal tender at Prospera. This means there is no capital gains tax on BTC and you can trade BTC freely. Taxes and fees can be paid to the state in BTC.
Joel Bomgar on the BTC 2022 Conference
Earn money and anonymity with crypto browsers
- US, UK, Russia Strictly Sanction Cryptocurrency Network That Helped Ruling Class Evade Sanctions - December 6, 2024
- Most investment decisions are driven by emotion, study says - December 6, 2024
- Binance dominates inflows in 2024 - December 6, 2024