Wed. Aug 10th, 2022
Samson Mow during his presentation at Bitcoin 2022 today. Source: A video screenshot, Youtube/Bitcoin Magazine

The island of Roatán in Honduras and Portugal’s Madeira region are both set to “adopt bitcoin,” while a Mexican senator hinted that new talks about making bitcoin legal tender in this country about to begin.

The announcements were made by representatives from the three countries, who were brought to the stage of the Bitcoin 2022 conference in Miami today by Samson Mow, a former chief strategy officer at bitcoin development firm Blockstream who currently works on bitcoin nation-state adoption.

According to the announcements:

  1. The island of Roatán in Honduras will have bitcoin “operate as legal tender,” including giving bitcoin tax-free status. In addition, the island’s economic free zone, managed by Honduras Prospera Inc., will enable bitcoin bonds as a way to bring foreign direct investments into the country, Joel Bomgar, President of Honduras Prospera, an economic development platform, said.
  2. Madeira, an autonomous region of Portugal, will “adopt bitcoin” in this archipelago, according to the President of the Government of Madeira, Miguel Albuquerque. “I believe in the future and I believe in bitcoin,” Albuquerque said on stage at the conference. He added that his government will “continue to work to create a fantastic environment for bitcoin in Madeira.”
  3. New legislation focused on bitcoin and fintech more broadly will be proposed in the Mexican senate, Senator Indira Kempis from Mexico said. “We want to sit down with the president to talk about making bitcoin legal tender in Mexico,” she added.

Meanwhile, Mow also revealed his new company, JAN3, saying that it raised USD 21m at a USD 100m valuation. The company aims to build BTC infrastructure for El Salvador and Bitcoin city.

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