Emotional lift – Bitcoin Fans had been waiting for the conference for months, convinced that great news would be announced on the sidelines of the event. Bitcoin 2022Miami, States, it was too good to be true, we were going to see what we were going to see! And on April 7, boom! The news went around the web in a few hours: Madeira will adopt Bitcoin as legal tender. Champagne, tweets and glitter, heading to the Atlantic for the next vacation! Before the cold shower a few days later.
The declaration of adoption of Bitcoin as legal tender in Madeira…
It all starts with a conference given in Miami as part of Bitcoin 2022. The speaker of the day is the former chief strategy officer of Blockstream, Samson Mow. He ends his presentation by talking about certain regions of the world in the process of to adopt bitcoin.. and he cites Prospera in Honduras and an autonomous region of Portugal, Madeira. Then comes on stage, the local governor of the Portuguese islands – Miguel Albuquerque – who makes a declaration of love to cryptos and Bitcoin:
“I believe in the future and I believe in Bitcoin (…) residents of Madeira will not have to pay income tax when buying or selling bitcoins. »
Journalists and participants around the world all hear the same thing : Madeira will accept Bitcoin as legal tender, just like Honduras and even Mexico mentioned in the same intervention. The news is spreading like a trail of powder and the crypto newsrooms are in mode breaking news. The first big news comes from Miami.
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…was a misunderstanding and a good publicity stunt by the local government!
Some ten days after the conference and several dozen articles in the media around the world, the dust has settled. Indeed, on April 11, Miguel Albuquerque responds to an interview for a local media. He puts things in their place, not without a certain malice.
” It was an opportunity that presented itself and I had to take advantage of it (…) we promoted Madeira in one of the biggest technological events in a room with 10,000 people! And almost 3 million additional potential spectators. »
” The trip to America was an opportunity to get in touch with a group of companies and entrepreneurs from the technological world who are at the heart of our economic development (…) the idea is to promote Madeira for digital nomads. »
A representative of the local Governor of Madeira will tell The Block that“at no time was it said that the region would adopt Bitcoin as legal tender”. Also the online media will be happy to tackle its competitors who are a little too quick to release the information a week earlier. A good war you will say to me and you will be right. End of the story.
Finally, Madeira offers a very favorable taxation on cryptos, but exactly like the rest of Portugal. It will therefore be necessary to wait a little longer to see a large European country accept Bitcoin as legal tender. The big news from the American conference will have concerned the Strike network, the ecological mining of bitcoins and the progress of regulation in the United States.
From marketing to the legal adoption of Bitcoin, there is sometimes only one step! Don’t wait for Madeira to change its mind to be part of the revolution. Also, prepare for the future by registering on the Swissborg reference platform. Today only, up to €200 in free cryptocurrency awaits you (affiliate link, in return for a minimum deposit of €50).