After El Salvador declared Bitcoin as the legitimate currency, the country that would make a similar move was frequently discussed. There were some developments on this issue at the Bitcoin 2022 conference in Miami.
Honduras, Portuguese Islands to Identify BTC as Legitimate Currency, Negotiations Continue for Mexico
While the island of Roatan in Honduras and the Madeira region of Portugal reported that they are preparing to declare BTC as the legitimate currency, a Mexican senator said that talks on making BTC a legitimate currency in his country are about to begin.
The announcement of these developments was made by representatives of 3 countries, who were called to the stage by Samson Mow, former chief strategy officer of Bitcoin developer company Blockstream, at the BTC 2022 conference.
The announcements made by the representatives are as follows:
“The Honduran island of Roatan will allow BTC to be used as the “legitimate currency” in the region and exempt it from taxation. In addition, Honduras Prospera Inc. It will attract foreign investment to the country by launching BTC bonds in the free economic zone of the island, which is managed by .
Miguel Albuquerque, president of Madeira, an autonomous region of Portugal, stated that BTC will be adopted in the archipelago, saying:
“I believe in the future and I believe in BTC. We will continue to work to create the perfect environment for BTC in Madeira.”
Mexican Senator Indira Kempis stated that new legislation with a broader focus on BTC and fintech will be proposed to the Mexican senate:
“We’re going to sit down and talk to the president to have Bitcoin declared as the legitimate currency in Mexico.”
*Not investment advice.