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top-crypto-news Adoption

An island in Honduras and region in Portugal prepare to adopt Bitcoin

April 9, 2022
Reading Time: 4 mins read
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What is Bitcoin?

Bitcoin is the first successful internet money based on peer-to-peer technology; whereby no central bank or authority is involved in the transaction and production of the Bitcoin currency. It was created by an anonymous individual/group under the name, Satoshi Nakamoto. The source code is available publicly as an open source project, anybody can look at it and be part of the developmental process.

Legisladores y representantes de Honduras, Portugal y México hicieron anuncios durante la conferencia Bitcoin 2022. Son parte de los esfuerzos de Samson Mow para promover la adopción de Bitcoin.

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***

The island of Roatan in Honduras and the region of Madeira in Portugal are preparing to adopt Bitcoin the biggest and most popular cryptocurrency in the world. It is a decentralized digital currency that enables users to make trustless peer-to-peer transactions. . Meanwhile, a Mexican legislator is pushing a bill to convert the Bitcoin in legal currency currency is a medium of exchange that defines value. in that country.

The announcements were made Thursday during the conference “ Bitcoin 2022 “which is being held in Miami. The former strategy director of Blockstream , Samson Mow, llevó a los representantes de las tres localidades al escenario de la conferencia para dar a conocer los anuncios. Los medios de noticia Bitcoin Magazine yCryptoNews the statements were collected.

Honduras and Portugal move to Bitcoin

Miguel Machado de Albuquerque, president of the autonomous region of Madeira, in Portugal, assured that his government is working to ” create a fantastic environment for Bitcoin “ in that archipelago. According to the announcement, one of the pro-crypto advances of that region is that it has managed to exempt cryptocurrency cryptocurrencies are digital currencies that use cryptographic technologies to secure their operation. investors from paying income tax.

I believe in the future and I believe in Bitcoin. People in Madeira who buy and sell bitcoins… don’t pay taxes. They are not subject to personal income tax.

Roatán, Honduras, is also undertaking pro-poor efforts to promote the Bitcoin according to Joel Bomgar, president of the Thriving a platform a place to buy, sell and store cryptocurrency that seeks to launch the first center for sustainable economic development in the region.

La Honduran island will make Bitcoin “ operate as legal tender ” , incluida la concesión de un estado libre de impuestos a Bitcoin . In addition, the island’s economic free zone, which is administered by Thriving Bomgar said at the event that he will enable bitcoin bonds as a way to attract foreign direct investment to the country.

México también avanza en planes pro-cripto

Mexican lawmaker Indira Kempis also spoke on stage to share some of the progress of her plans to push for the use and adoption of Bitcoin in Mexico.

Kempis said he will propose new legislation focusing on Bitcoin and fintech more broadly in the Mexican Senate. He also said he is working with Mow to set up a meeting with the Mexican president to talk about Bitcoin as legal tender. “ We want to sit down with the president to talk about Bitcoin legalization in Mexico. “, comentó.

Through financial inclusion and financial education, Mexicans can have a better quality of life. In two months, we will propose legislation to modify the regulations on fintech and the law on money titles […] We have a message for our president: we are eager to sit down and have a coffee with you to talk about this plan: Bitcoin as legal tender in Mexico.

I think that the vision of the country DOES MATTER.
Technology displaces no one, unless we don’t adapt.
Mexico, with so much social inequality, has an innovative alternative to close refers to the closing price; similar to the same term used in stock trading. those gaps. #bitcoin legal tender NOW! pic.twitter.com/kxpdJoQ7fY

— Indira Kempis de I. (@IndiraKempis) April 7, 2022

Last year, Kempis applauded El Salvador’s decision to make Bitcoin legal tender, and has been advocating on behalf of Bitcoin for more than a year. While she is not the only lawmaker in the country who has raised the need for a discussion on cryptocurrency legislation, President López Obrador has emphasized that he has no plans to follow El Salvador.

Samson Mow wants countries to adopt Bitcoin

Since he resigned from Blockstream in March, Mow has been working to promote adoption-friendly legislation for the adoption of Bitcoin en diferentes regiones del mundo. Los anuncios recientes son parte de los esfuerzos de Mow en esta materia.

I think now is the turning point in human history and we need to move things forward fast. What we need is greater adoption of bitcoin by states. Every country, every jurisdiction, will have a unique path to bitcoin adoption. Legal tender is one way, another way is de facto legal tender. .

Mow was primarily responsible for the creation of the “Mow”. Bitcoin volcano bonus “presented by El Salvador. This initiative will consist of the issuance of USD $1 billion in bonds in the side chain. Liquid Bitcoin de Blockstream by the country. The proceeds will then be split between a $500 million allocation allocation is the allotment of equity or tokens that may be earned, bought, or reserved for a specific team, group, investor, institution, or another similar entity. to BTC and an investment in energy and mining a process where blocks are added to a blockchain, verifying transactions. It is also the process through which new bitcoin or some altcoins are created. infrastructure of Bitcoin .

Now he has announced the creation of a company called ‘.Jan 3(January 3), in reference to the launch of the network. Bitcoin which will focus on the adoption of Bitcoin by States.


  • Central Bank of Honduras denies rumors of possible adoption of Bitcoin as official currency
  • Portugal hosts Ukrainian refugees from the crypto sector
  • Mexico: private banks offer help to Banxico to design a digital digital technologies are these electronic tools that have the ability to generate, store or even process data. currency

Article by Hannah Estefania Perez / DiarioBitcoin

Image from Unsplash edited in Canva

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