Bitcoin Gains Momentum In Portugal And Honduras
Madeira, a Portuguese autonomous zone, and Prospera, a jurisdiction on Honduras Roatán island, are reportedly making preparations to officially accept Bitcoin (BTC) as a payment option within their borders and embrace it as legal tender.
Its worth mentioning that when purchasing or selling the worlds biggest crypto by market cap, residents in both regions will also not have to pay capital gains tax.
The authorities will allow other municipalities in Honduras or various firms along with political subdivisions that do not reside within the U.S to float BTC bonds from inside the Prospera jurisdiction, according to Prospera President Joel Bomgar. President Bomgar feels that this might help the local economy by attracting international direct investments.
Moreover, the President of the Regional Government of Madeira, Miguel Albuquerque, similarly stated that citizens will not have to pay capital gains taxes while trading BTC as aforementioned.
Top News
4 days ago
8 days ago
11 days ago
18 days ago
22 days ago
More From The News
Press Releases
Payments
New Payment Limit For Crypto Wallets Scrapped
The recent Anti-Money Laundering re... Read more
Bitcoin
Bitcoin Undergoes Price Correction As International Economies
A significant portion of the crypto... Read more
Join Our Newsletter
Get the latest trends and updates on our crypto community.