Madeira announces creation of Bitcoin business hub for innovation

President Albuquerque noted the centers origins in Madeira and its inclusive cooperation opportunities.According to President Albuquerque, the concept for the Bitcoin service center began with a group of hard-working professionals and is open to everybody who wants to team up. Madeira is an autonomous area of Portugal that has welcomed Bitcoin by executing policies that excuse Bitcoin investors from paying individual income taxes in the region. Related: What takes place if SEC does not appeal Grayscale spot Bitcoin ETF ruling?During the Bitcoin 2022 conference in Miami, it was exposed that Madeira is embracing Bitcoin, and homeowners who invest in BTC will be exempt from personal income taxes.