According to the Miami Herald, the Bitcoin 2022 conference, hosted by Bitcoin Magazine and sponsored by Cash App, was the biggest single event for the BTC community, with 30,000 guests and exhibitors descending on Miami Beach.
Following an intro to the Madeira Islands, an autonomous region of Portugal in northwest Africa, at last week’s Bitcoin 2022 conference in Miami, some participants appear to have walked away with the false idea: that the region, like El Salvador, was planning to make Bitcoin “legal tender.”
The distinction would officially recognise cryptocurrencies as a valid form of payment for debt settlement and tax payment. However, a spokesman from the president’s office said that Madeira has no intention of doing so with bitcoin.
To be honest, the news itself was confusing, at least in the manner in which it was presented.
Just before Madeira’s president, Miguel Albuquerque took charge, ex-Blockstream chief strategy officer Samson Mow suggested that the region will “adopt Bitcoin.” Additionally, Albuquerque’s statements came on the back of a separate announcement that a special economic zone in Honduras called Próspera will recognise cryptocurrencies as a legal tender.
