Madeira Bitcoin adoption announced – The Portugal News

At the same event last year Najib Bukele, the innovative young President of the Central American republic of El Salvador, announced that his country would be adopting Bitcoin as legal tender.

The announcement was introduced by Samson Mow, a prominent figure in the Bitcoin community, who has played a key role in the implementation of the Bitcoin laws in El Salvador and is rumored to be preparing legal tender laws in collaboration with several other countries, mostly in Central and South America.

Although not yet in the same phase as El Salvador with its legal tender lead, these three areas are paving the way for widespread use of Bitcoin, the only fully decentralised crypto currency in the world.

While this does not differ from the rules for the rest of Portugal, an explicit statement of support for Bitcoin, Bitcoin businesses and Bitcoin transactions is a clear message from Madeira that Bitcoin and Bitcoiners are welcome there.

Portugal as a whole is already a very popular emigration destination for international Bitcoiners.

Madeira’s announcement of adoption has Bitcoin Twitter ablaze with plans from both individuals and companies to visit and/or relocate to the island.

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