Out of 337 companies apart of the survey, 91% believe the adoption of Bitcoin had little impact on their sales, being \"indifferent for their business\". With only a very small 3.6% of companies affirming that Bitcoin has contributed to increasing their sales. Although 84% of the participants in the survey were micro, small, or medium-sized businesses. This may have made it a harder task to confirm whether or not Bitcoin was having an effect on sales or not.<\/p>\n\n\n\n![\"Bitcoin](\"https:\/\/www.thedistributed.co\/wp-content\/uploads\/2022\/03\/bitcoin-price-chart-march-16-to-march-22-800x395.png\")
A mere 14% of businesses have transacted with Bitcoin as per an online survey<\/a> from the Chamber of Commerce and Industry of El Salvador, carried out from January 15th to February 9th of 2022. <\/p>\n\n\n\n Out of 337 companies apart of the survey, 91% believe the adoption of Bitcoin had little impact on their sales, being \"indifferent for their business\". With only a very small 3.6% of companies affirming that Bitcoin has contributed to increasing their sales. Although 84% of the participants in the survey were micro, small, or medium-sized businesses. This may have made it a harder task to confirm whether or not Bitcoin was having an effect on sales or not.<\/p>\n\n\n\n It has been 6 months since Bitcoin was recognized as legal tender<\/a> in El Salvador, the first country to legalize Bitcoin. Despite this, a large majority of companies in the country don\u2019t bother with crypto transactions. <\/p>\n\n\n\n A mere 14% of businesses have transacted with Bitcoin as per an online survey<\/a> from the Chamber of Commerce and Industry of El Salvador, carried out from January 15th to February 9th of 2022. <\/p>\n\n\n\n Out of 337 companies apart of the survey, 91% believe the adoption of Bitcoin had little impact on their sales, being \"indifferent for their business\". With only a very small 3.6% of companies affirming that Bitcoin has contributed to increasing their sales. Although 84% of the participants in the survey were micro, small, or medium-sized businesses. This may have made it a harder task to confirm whether or not Bitcoin was having an effect on sales or not.<\/p>\n\n\n\n I believe in the future, and I believe in bitcoin. Our government will continue to work to create a fantastic environment for bitcoin in Madeira.<\/em><\/p>Miguel Alburquerque<\/cite><\/blockquote>\n","post_title":"The Two Latest Territories To Adopt Crypto As Legal Tender","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"the-two-latest-territories-to-adopt-crypto-as-legal-tender","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/lugano-switzerland-to-make-bitcoin-and-tether-legal-tender\/","post_modified":"2022-04-10 17:30:33","post_modified_gmt":"2022-04-10 07:30:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4283","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4045,"post_author":"1","post_date":"2022-03-22 14:37:01","post_date_gmt":"2022-03-22 03:37:01","post_content":"\n It has been 6 months since Bitcoin was recognized as legal tender<\/a> in El Salvador, the first country to legalize Bitcoin. Despite this, a large majority of companies in the country don\u2019t bother with crypto transactions. <\/p>\n\n\n\n A mere 14% of businesses have transacted with Bitcoin as per an online survey<\/a> from the Chamber of Commerce and Industry of El Salvador, carried out from January 15th to February 9th of 2022. <\/p>\n\n\n\n Out of 337 companies apart of the survey, 91% believe the adoption of Bitcoin had little impact on their sales, being \"indifferent for their business\". With only a very small 3.6% of companies affirming that Bitcoin has contributed to increasing their sales. Although 84% of the participants in the survey were micro, small, or medium-sized businesses. This may have made it a harder task to confirm whether or not Bitcoin was having an effect on sales or not.<\/p>\n\n\n\n Starting from today, Prospera has enabled the \"other municipalities in Honduras or other companies or political subdivisions outside of the United States to float bitcoin bonds from within the Prospera jurisdiction,\u201d according to Bomgar, adding that this will be \u201can incredible way to bring foreign direct investments to the part of the world that needs it most,\u201d<\/p>\n\n\n\n I believe in the future, and I believe in bitcoin. Our government will continue to work to create a fantastic environment for bitcoin in Madeira.<\/em><\/p>Miguel Alburquerque<\/cite><\/blockquote>\n","post_title":"The Two Latest Territories To Adopt Crypto As Legal Tender","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"the-two-latest-territories-to-adopt-crypto-as-legal-tender","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/lugano-switzerland-to-make-bitcoin-and-tether-legal-tender\/","post_modified":"2022-04-10 17:30:33","post_modified_gmt":"2022-04-10 07:30:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4283","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4045,"post_author":"1","post_date":"2022-03-22 14:37:01","post_date_gmt":"2022-03-22 03:37:01","post_content":"\n It has been 6 months since Bitcoin was recognized as legal tender<\/a> in El Salvador, the first country to legalize Bitcoin. Despite this, a large majority of companies in the country don\u2019t bother with crypto transactions. <\/p>\n\n\n\n A mere 14% of businesses have transacted with Bitcoin as per an online survey<\/a> from the Chamber of Commerce and Industry of El Salvador, carried out from January 15th to February 9th of 2022. <\/p>\n\n\n\n Out of 337 companies apart of the survey, 91% believe the adoption of Bitcoin had little impact on their sales, being \"indifferent for their business\". With only a very small 3.6% of companies affirming that Bitcoin has contributed to increasing their sales. Although 84% of the participants in the survey were micro, small, or medium-sized businesses. This may have made it a harder task to confirm whether or not Bitcoin was having an effect on sales or not.<\/p>\n\n\n\n The launch of the first bitcoin bond, designed by Mow for El Salvador, was\u00a0postponed<\/a>\u00a0recently. This was due to \u2018unfavorable market conditions.\u2019<\/p>\n\n\n\n Starting from today, Prospera has enabled the \"other municipalities in Honduras or other companies or political subdivisions outside of the United States to float bitcoin bonds from within the Prospera jurisdiction,\u201d according to Bomgar, adding that this will be \u201can incredible way to bring foreign direct investments to the part of the world that needs it most,\u201d<\/p>\n\n\n\n I believe in the future, and I believe in bitcoin. Our government will continue to work to create a fantastic environment for bitcoin in Madeira.<\/em><\/p>Miguel Alburquerque<\/cite><\/blockquote>\n","post_title":"The Two Latest Territories To Adopt Crypto As Legal Tender","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"the-two-latest-territories-to-adopt-crypto-as-legal-tender","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/lugano-switzerland-to-make-bitcoin-and-tether-legal-tender\/","post_modified":"2022-04-10 17:30:33","post_modified_gmt":"2022-04-10 07:30:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4283","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4045,"post_author":"1","post_date":"2022-03-22 14:37:01","post_date_gmt":"2022-03-22 03:37:01","post_content":"\n It has been 6 months since Bitcoin was recognized as legal tender<\/a> in El Salvador, the first country to legalize Bitcoin. Despite this, a large majority of companies in the country don\u2019t bother with crypto transactions. <\/p>\n\n\n\n A mere 14% of businesses have transacted with Bitcoin as per an online survey<\/a> from the Chamber of Commerce and Industry of El Salvador, carried out from January 15th to February 9th of 2022. <\/p>\n\n\n\n Out of 337 companies apart of the survey, 91% believe the adoption of Bitcoin had little impact on their sales, being \"indifferent for their business\". With only a very small 3.6% of companies affirming that Bitcoin has contributed to increasing their sales. Although 84% of the participants in the survey were micro, small, or medium-sized businesses. This may have made it a harder task to confirm whether or not Bitcoin was having an effect on sales or not.<\/p>\n\n\n\n The Distributed reported<\/a> in March that Lugano, Switzerland was set to make Bitcoin and Tether de facto legal tender. This is expected to be up and running within the next few months. These two territories have launched it before Lugano which is why they are the official two territories to adopt Bitcoin since El Salvador.<\/p>\n\n\n\n The launch of the first bitcoin bond, designed by Mow for El Salvador, was\u00a0postponed<\/a>\u00a0recently. This was due to \u2018unfavorable market conditions.\u2019<\/p>\n\n\n\n Starting from today, Prospera has enabled the \"other municipalities in Honduras or other companies or political subdivisions outside of the United States to float bitcoin bonds from within the Prospera jurisdiction,\u201d according to Bomgar, adding that this will be \u201can incredible way to bring foreign direct investments to the part of the world that needs it most,\u201d<\/p>\n\n\n\n I believe in the future, and I believe in bitcoin. Our government will continue to work to create a fantastic environment for bitcoin in Madeira.<\/em><\/p>Miguel Alburquerque<\/cite><\/blockquote>\n","post_title":"The Two Latest Territories To Adopt Crypto As Legal Tender","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"the-two-latest-territories-to-adopt-crypto-as-legal-tender","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/lugano-switzerland-to-make-bitcoin-and-tether-legal-tender\/","post_modified":"2022-04-10 17:30:33","post_modified_gmt":"2022-04-10 07:30:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4283","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4045,"post_author":"1","post_date":"2022-03-22 14:37:01","post_date_gmt":"2022-03-22 03:37:01","post_content":"\n It has been 6 months since Bitcoin was recognized as legal tender<\/a> in El Salvador, the first country to legalize Bitcoin. Despite this, a large majority of companies in the country don\u2019t bother with crypto transactions. <\/p>\n\n\n\n A mere 14% of businesses have transacted with Bitcoin as per an online survey<\/a> from the Chamber of Commerce and Industry of El Salvador, carried out from January 15th to February 9th of 2022. <\/p>\n\n\n\n Out of 337 companies apart of the survey, 91% believe the adoption of Bitcoin had little impact on their sales, being \"indifferent for their business\". With only a very small 3.6% of companies affirming that Bitcoin has contributed to increasing their sales. Although 84% of the participants in the survey were micro, small, or medium-sized businesses. This may have made it a harder task to confirm whether or not Bitcoin was having an effect on sales or not.<\/p>\n\n\n\n The way to legalize Bitcoin as legal tender was paved by El Salvador, which officially\u00a0adopted Bitcoin<\/a>\u00a0as legal tender in September of 2021. Prospera and Madeira are the first two territories since El Salvador to adopt Bitcoin as legal tender.<\/p>\n\n\n\n The Distributed reported<\/a> in March that Lugano, Switzerland was set to make Bitcoin and Tether de facto legal tender. This is expected to be up and running within the next few months. These two territories have launched it before Lugano which is why they are the official two territories to adopt Bitcoin since El Salvador.<\/p>\n\n\n\n The launch of the first bitcoin bond, designed by Mow for El Salvador, was\u00a0postponed<\/a>\u00a0recently. This was due to \u2018unfavorable market conditions.\u2019<\/p>\n\n\n\n Starting from today, Prospera has enabled the \"other municipalities in Honduras or other companies or political subdivisions outside of the United States to float bitcoin bonds from within the Prospera jurisdiction,\u201d according to Bomgar, adding that this will be \u201can incredible way to bring foreign direct investments to the part of the world that needs it most,\u201d<\/p>\n\n\n\n I believe in the future, and I believe in bitcoin. Our government will continue to work to create a fantastic environment for bitcoin in Madeira.<\/em><\/p>Miguel Alburquerque<\/cite><\/blockquote>\n","post_title":"The Two Latest Territories To Adopt Crypto As Legal Tender","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"the-two-latest-territories-to-adopt-crypto-as-legal-tender","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/lugano-switzerland-to-make-bitcoin-and-tether-legal-tender\/","post_modified":"2022-04-10 17:30:33","post_modified_gmt":"2022-04-10 07:30:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4283","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4045,"post_author":"1","post_date":"2022-03-22 14:37:01","post_date_gmt":"2022-03-22 03:37:01","post_content":"\n It has been 6 months since Bitcoin was recognized as legal tender<\/a> in El Salvador, the first country to legalize Bitcoin. Despite this, a large majority of companies in the country don\u2019t bother with crypto transactions. <\/p>\n\n\n\n A mere 14% of businesses have transacted with Bitcoin as per an online survey<\/a> from the Chamber of Commerce and Industry of El Salvador, carried out from January 15th to February 9th of 2022. <\/p>\n\n\n\n Out of 337 companies apart of the survey, 91% believe the adoption of Bitcoin had little impact on their sales, being \"indifferent for their business\". With only a very small 3.6% of companies affirming that Bitcoin has contributed to increasing their sales. Although 84% of the participants in the survey were micro, small, or medium-sized businesses. This may have made it a harder task to confirm whether or not Bitcoin was having an effect on sales or not.<\/p>\n\n\n\n The way to legalize Bitcoin as legal tender was paved by El Salvador, which officially\u00a0adopted Bitcoin<\/a>\u00a0as legal tender in September of 2021. Prospera and Madeira are the first two territories since El Salvador to adopt Bitcoin as legal tender.<\/p>\n\n\n\n The Distributed reported<\/a> in March that Lugano, Switzerland was set to make Bitcoin and Tether de facto legal tender. This is expected to be up and running within the next few months. These two territories have launched it before Lugano which is why they are the official two territories to adopt Bitcoin since El Salvador.<\/p>\n\n\n\n The launch of the first bitcoin bond, designed by Mow for El Salvador, was\u00a0postponed<\/a>\u00a0recently. This was due to \u2018unfavorable market conditions.\u2019<\/p>\n\n\n\n Starting from today, Prospera has enabled the \"other municipalities in Honduras or other companies or political subdivisions outside of the United States to float bitcoin bonds from within the Prospera jurisdiction,\u201d according to Bomgar, adding that this will be \u201can incredible way to bring foreign direct investments to the part of the world that needs it most,\u201d<\/p>\n\n\n\n I believe in the future, and I believe in bitcoin. Our government will continue to work to create a fantastic environment for bitcoin in Madeira.<\/em><\/p>Miguel Alburquerque<\/cite><\/blockquote>\n","post_title":"The Two Latest Territories To Adopt Crypto As Legal Tender","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"the-two-latest-territories-to-adopt-crypto-as-legal-tender","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/lugano-switzerland-to-make-bitcoin-and-tether-legal-tender\/","post_modified":"2022-04-10 17:30:33","post_modified_gmt":"2022-04-10 07:30:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4283","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4045,"post_author":"1","post_date":"2022-03-22 14:37:01","post_date_gmt":"2022-03-22 03:37:01","post_content":"\n It has been 6 months since Bitcoin was recognized as legal tender<\/a> in El Salvador, the first country to legalize Bitcoin. Despite this, a large majority of companies in the country don\u2019t bother with crypto transactions. <\/p>\n\n\n\n A mere 14% of businesses have transacted with Bitcoin as per an online survey<\/a> from the Chamber of Commerce and Industry of El Salvador, carried out from January 15th to February 9th of 2022. <\/p>\n\n\n\n Out of 337 companies apart of the survey, 91% believe the adoption of Bitcoin had little impact on their sales, being \"indifferent for their business\". With only a very small 3.6% of companies affirming that Bitcoin has contributed to increasing their sales. Although 84% of the participants in the survey were micro, small, or medium-sized businesses. This may have made it a harder task to confirm whether or not Bitcoin was having an effect on sales or not.<\/p>\n\n\n\n Alongside Mow and Bomgar, Miguel Alburquerque who is the president of Madeira's Regional Government joined the pair to announce the conditions for Maderia's adoption. Alburquerque announced that residents of Madeira won't need to pay personal income taxes when buying and selling Bitcoin.<\/p>\n\n\n\n The way to legalize Bitcoin as legal tender was paved by El Salvador, which officially\u00a0adopted Bitcoin<\/a>\u00a0as legal tender in September of 2021. Prospera and Madeira are the first two territories since El Salvador to adopt Bitcoin as legal tender.<\/p>\n\n\n\n The Distributed reported<\/a> in March that Lugano, Switzerland was set to make Bitcoin and Tether de facto legal tender. This is expected to be up and running within the next few months. These two territories have launched it before Lugano which is why they are the official two territories to adopt Bitcoin since El Salvador.<\/p>\n\n\n\n The launch of the first bitcoin bond, designed by Mow for El Salvador, was\u00a0postponed<\/a>\u00a0recently. This was due to \u2018unfavorable market conditions.\u2019<\/p>\n\n\n\n Starting from today, Prospera has enabled the \"other municipalities in Honduras or other companies or political subdivisions outside of the United States to float bitcoin bonds from within the Prospera jurisdiction,\u201d according to Bomgar, adding that this will be \u201can incredible way to bring foreign direct investments to the part of the world that needs it most,\u201d<\/p>\n\n\n\n I believe in the future, and I believe in bitcoin. Our government will continue to work to create a fantastic environment for bitcoin in Madeira.<\/em><\/p>Miguel Alburquerque<\/cite><\/blockquote>\n","post_title":"The Two Latest Territories To Adopt Crypto As Legal Tender","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"the-two-latest-territories-to-adopt-crypto-as-legal-tender","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/lugano-switzerland-to-make-bitcoin-and-tether-legal-tender\/","post_modified":"2022-04-10 17:30:33","post_modified_gmt":"2022-04-10 07:30:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4283","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4045,"post_author":"1","post_date":"2022-03-22 14:37:01","post_date_gmt":"2022-03-22 03:37:01","post_content":"\n It has been 6 months since Bitcoin was recognized as legal tender<\/a> in El Salvador, the first country to legalize Bitcoin. Despite this, a large majority of companies in the country don\u2019t bother with crypto transactions. <\/p>\n\n\n\n A mere 14% of businesses have transacted with Bitcoin as per an online survey<\/a> from the Chamber of Commerce and Industry of El Salvador, carried out from January 15th to February 9th of 2022. <\/p>\n\n\n\n Out of 337 companies apart of the survey, 91% believe the adoption of Bitcoin had little impact on their sales, being \"indifferent for their business\". With only a very small 3.6% of companies affirming that Bitcoin has contributed to increasing their sales. Although 84% of the participants in the survey were micro, small, or medium-sized businesses. This may have made it a harder task to confirm whether or not Bitcoin was having an effect on sales or not.<\/p>\n\n\n\n Prospera's president Joel Bomgar was joined by former Chief Strategy Officer of Blockstream<\/a> Samson Mow announcing that \"residents won\u2019t have to pay capital gains tax on bitcoin and will be able to pay taxes and fees to the jurisdiction using the cryptocurrency.\" <\/p>\n\n\n\n Alongside Mow and Bomgar, Miguel Alburquerque who is the president of Madeira's Regional Government joined the pair to announce the conditions for Maderia's adoption. Alburquerque announced that residents of Madeira won't need to pay personal income taxes when buying and selling Bitcoin.<\/p>\n\n\n\n The way to legalize Bitcoin as legal tender was paved by El Salvador, which officially\u00a0adopted Bitcoin<\/a>\u00a0as legal tender in September of 2021. Prospera and Madeira are the first two territories since El Salvador to adopt Bitcoin as legal tender.<\/p>\n\n\n\n The Distributed reported<\/a> in March that Lugano, Switzerland was set to make Bitcoin and Tether de facto legal tender. This is expected to be up and running within the next few months. These two territories have launched it before Lugano which is why they are the official two territories to adopt Bitcoin since El Salvador.<\/p>\n\n\n\n The launch of the first bitcoin bond, designed by Mow for El Salvador, was\u00a0postponed<\/a>\u00a0recently. This was due to \u2018unfavorable market conditions.\u2019<\/p>\n\n\n\n Starting from today, Prospera has enabled the \"other municipalities in Honduras or other companies or political subdivisions outside of the United States to float bitcoin bonds from within the Prospera jurisdiction,\u201d according to Bomgar, adding that this will be \u201can incredible way to bring foreign direct investments to the part of the world that needs it most,\u201d<\/p>\n\n\n\n I believe in the future, and I believe in bitcoin. Our government will continue to work to create a fantastic environment for bitcoin in Madeira.<\/em><\/p>Miguel Alburquerque<\/cite><\/blockquote>\n","post_title":"The Two Latest Territories To Adopt Crypto As Legal Tender","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"the-two-latest-territories-to-adopt-crypto-as-legal-tender","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/lugano-switzerland-to-make-bitcoin-and-tether-legal-tender\/","post_modified":"2022-04-10 17:30:33","post_modified_gmt":"2022-04-10 07:30:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4283","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4045,"post_author":"1","post_date":"2022-03-22 14:37:01","post_date_gmt":"2022-03-22 03:37:01","post_content":"\n It has been 6 months since Bitcoin was recognized as legal tender<\/a> in El Salvador, the first country to legalize Bitcoin. Despite this, a large majority of companies in the country don\u2019t bother with crypto transactions. <\/p>\n\n\n\n A mere 14% of businesses have transacted with Bitcoin as per an online survey<\/a> from the Chamber of Commerce and Industry of El Salvador, carried out from January 15th to February 9th of 2022. <\/p>\n\n\n\n Out of 337 companies apart of the survey, 91% believe the adoption of Bitcoin had little impact on their sales, being \"indifferent for their business\". With only a very small 3.6% of companies affirming that Bitcoin has contributed to increasing their sales. Although 84% of the participants in the survey were micro, small, or medium-sized businesses. This may have made it a harder task to confirm whether or not Bitcoin was having an effect on sales or not.<\/p>\n\n\n\n According to a report<\/a> by Forbes, residents from both territories will not have to pay capital gains tax on Bitcoin. <\/p>\n\n\n\n Prospera's president Joel Bomgar was joined by former Chief Strategy Officer of Blockstream<\/a> Samson Mow announcing that \"residents won\u2019t have to pay capital gains tax on bitcoin and will be able to pay taxes and fees to the jurisdiction using the cryptocurrency.\" <\/p>\n\n\n\n Alongside Mow and Bomgar, Miguel Alburquerque who is the president of Madeira's Regional Government joined the pair to announce the conditions for Maderia's adoption. Alburquerque announced that residents of Madeira won't need to pay personal income taxes when buying and selling Bitcoin.<\/p>\n\n\n\n The way to legalize Bitcoin as legal tender was paved by El Salvador, which officially\u00a0adopted Bitcoin<\/a>\u00a0as legal tender in September of 2021. Prospera and Madeira are the first two territories since El Salvador to adopt Bitcoin as legal tender.<\/p>\n\n\n\n The Distributed reported<\/a> in March that Lugano, Switzerland was set to make Bitcoin and Tether de facto legal tender. This is expected to be up and running within the next few months. These two territories have launched it before Lugano which is why they are the official two territories to adopt Bitcoin since El Salvador.<\/p>\n\n\n\n The launch of the first bitcoin bond, designed by Mow for El Salvador, was\u00a0postponed<\/a>\u00a0recently. This was due to \u2018unfavorable market conditions.\u2019<\/p>\n\n\n\n Starting from today, Prospera has enabled the \"other municipalities in Honduras or other companies or political subdivisions outside of the United States to float bitcoin bonds from within the Prospera jurisdiction,\u201d according to Bomgar, adding that this will be \u201can incredible way to bring foreign direct investments to the part of the world that needs it most,\u201d<\/p>\n\n\n\n I believe in the future, and I believe in bitcoin. Our government will continue to work to create a fantastic environment for bitcoin in Madeira.<\/em><\/p>Miguel Alburquerque<\/cite><\/blockquote>\n","post_title":"The Two Latest Territories To Adopt Crypto As Legal Tender","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"the-two-latest-territories-to-adopt-crypto-as-legal-tender","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/lugano-switzerland-to-make-bitcoin-and-tether-legal-tender\/","post_modified":"2022-04-10 17:30:33","post_modified_gmt":"2022-04-10 07:30:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4283","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4045,"post_author":"1","post_date":"2022-03-22 14:37:01","post_date_gmt":"2022-03-22 03:37:01","post_content":"\n It has been 6 months since Bitcoin was recognized as legal tender<\/a> in El Salvador, the first country to legalize Bitcoin. Despite this, a large majority of companies in the country don\u2019t bother with crypto transactions. <\/p>\n\n\n\n A mere 14% of businesses have transacted with Bitcoin as per an online survey<\/a> from the Chamber of Commerce and Industry of El Salvador, carried out from January 15th to February 9th of 2022. <\/p>\n\n\n\n Out of 337 companies apart of the survey, 91% believe the adoption of Bitcoin had little impact on their sales, being \"indifferent for their business\". With only a very small 3.6% of companies affirming that Bitcoin has contributed to increasing their sales. Although 84% of the participants in the survey were micro, small, or medium-sized businesses. This may have made it a harder task to confirm whether or not Bitcoin was having an effect on sales or not.<\/p>\n\n\n\n Prospera, a jurisdiction of the Honduras Island Roat\u00e1n, and Madeira, Portugal are both adopting Bitcoin as de facto legal tender. <\/p>\n\n\n\n According to a report<\/a> by Forbes, residents from both territories will not have to pay capital gains tax on Bitcoin. <\/p>\n\n\n\n Prospera's president Joel Bomgar was joined by former Chief Strategy Officer of Blockstream<\/a> Samson Mow announcing that \"residents won\u2019t have to pay capital gains tax on bitcoin and will be able to pay taxes and fees to the jurisdiction using the cryptocurrency.\" <\/p>\n\n\n\n Alongside Mow and Bomgar, Miguel Alburquerque who is the president of Madeira's Regional Government joined the pair to announce the conditions for Maderia's adoption. Alburquerque announced that residents of Madeira won't need to pay personal income taxes when buying and selling Bitcoin.<\/p>\n\n\n\n The way to legalize Bitcoin as legal tender was paved by El Salvador, which officially\u00a0adopted Bitcoin<\/a>\u00a0as legal tender in September of 2021. Prospera and Madeira are the first two territories since El Salvador to adopt Bitcoin as legal tender.<\/p>\n\n\n\n The Distributed reported<\/a> in March that Lugano, Switzerland was set to make Bitcoin and Tether de facto legal tender. This is expected to be up and running within the next few months. These two territories have launched it before Lugano which is why they are the official two territories to adopt Bitcoin since El Salvador.<\/p>\n\n\n\n The launch of the first bitcoin bond, designed by Mow for El Salvador, was\u00a0postponed<\/a>\u00a0recently. This was due to \u2018unfavorable market conditions.\u2019<\/p>\n\n\n\n Starting from today, Prospera has enabled the \"other municipalities in Honduras or other companies or political subdivisions outside of the United States to float bitcoin bonds from within the Prospera jurisdiction,\u201d according to Bomgar, adding that this will be \u201can incredible way to bring foreign direct investments to the part of the world that needs it most,\u201d<\/p>\n\n\n\n I believe in the future, and I believe in bitcoin. Our government will continue to work to create a fantastic environment for bitcoin in Madeira.<\/em><\/p>Miguel Alburquerque<\/cite><\/blockquote>\n","post_title":"The Two Latest Territories To Adopt Crypto As Legal Tender","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"the-two-latest-territories-to-adopt-crypto-as-legal-tender","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/lugano-switzerland-to-make-bitcoin-and-tether-legal-tender\/","post_modified":"2022-04-10 17:30:33","post_modified_gmt":"2022-04-10 07:30:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4283","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4045,"post_author":"1","post_date":"2022-03-22 14:37:01","post_date_gmt":"2022-03-22 03:37:01","post_content":"\n It has been 6 months since Bitcoin was recognized as legal tender<\/a> in El Salvador, the first country to legalize Bitcoin. Despite this, a large majority of companies in the country don\u2019t bother with crypto transactions. <\/p>\n\n\n\n A mere 14% of businesses have transacted with Bitcoin as per an online survey<\/a> from the Chamber of Commerce and Industry of El Salvador, carried out from January 15th to February 9th of 2022. <\/p>\n\n\n\n Out of 337 companies apart of the survey, 91% believe the adoption of Bitcoin had little impact on their sales, being \"indifferent for their business\". With only a very small 3.6% of companies affirming that Bitcoin has contributed to increasing their sales. Although 84% of the participants in the survey were micro, small, or medium-sized businesses. This may have made it a harder task to confirm whether or not Bitcoin was having an effect on sales or not.<\/p>\n\n\n\n <\/p>\n","post_title":"El Salvador Introduced 44 Countries To Bitcoin And Lightning","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"el-salvador-introduced-44-countries-to-bitcoin","to_ping":"","pinged":"","post_modified":"2023-04-11 00:17:23","post_modified_gmt":"2023-04-10 14:17:23","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5153","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4283,"post_author":"1","post_date":"2022-04-10 17:29:50","post_date_gmt":"2022-04-10 07:29:50","post_content":"\n Prospera, a jurisdiction of the Honduras Island Roat\u00e1n, and Madeira, Portugal are both adopting Bitcoin as de facto legal tender. <\/p>\n\n\n\n According to a report<\/a> by Forbes, residents from both territories will not have to pay capital gains tax on Bitcoin. <\/p>\n\n\n\n Prospera's president Joel Bomgar was joined by former Chief Strategy Officer of Blockstream<\/a> Samson Mow announcing that \"residents won\u2019t have to pay capital gains tax on bitcoin and will be able to pay taxes and fees to the jurisdiction using the cryptocurrency.\" <\/p>\n\n\n\n Alongside Mow and Bomgar, Miguel Alburquerque who is the president of Madeira's Regional Government joined the pair to announce the conditions for Maderia's adoption. Alburquerque announced that residents of Madeira won't need to pay personal income taxes when buying and selling Bitcoin.<\/p>\n\n\n\n The way to legalize Bitcoin as legal tender was paved by El Salvador, which officially\u00a0adopted Bitcoin<\/a>\u00a0as legal tender in September of 2021. Prospera and Madeira are the first two territories since El Salvador to adopt Bitcoin as legal tender.<\/p>\n\n\n\n The Distributed reported<\/a> in March that Lugano, Switzerland was set to make Bitcoin and Tether de facto legal tender. This is expected to be up and running within the next few months. These two territories have launched it before Lugano which is why they are the official two territories to adopt Bitcoin since El Salvador.<\/p>\n\n\n\n The launch of the first bitcoin bond, designed by Mow for El Salvador, was\u00a0postponed<\/a>\u00a0recently. This was due to \u2018unfavorable market conditions.\u2019<\/p>\n\n\n\n Starting from today, Prospera has enabled the \"other municipalities in Honduras or other companies or political subdivisions outside of the United States to float bitcoin bonds from within the Prospera jurisdiction,\u201d according to Bomgar, adding that this will be \u201can incredible way to bring foreign direct investments to the part of the world that needs it most,\u201d<\/p>\n\n\n\n I believe in the future, and I believe in bitcoin. Our government will continue to work to create a fantastic environment for bitcoin in Madeira.<\/em><\/p>Miguel Alburquerque<\/cite><\/blockquote>\n","post_title":"The Two Latest Territories To Adopt Crypto As Legal Tender","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"the-two-latest-territories-to-adopt-crypto-as-legal-tender","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/lugano-switzerland-to-make-bitcoin-and-tether-legal-tender\/","post_modified":"2022-04-10 17:30:33","post_modified_gmt":"2022-04-10 07:30:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4283","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4045,"post_author":"1","post_date":"2022-03-22 14:37:01","post_date_gmt":"2022-03-22 03:37:01","post_content":"\n It has been 6 months since Bitcoin was recognized as legal tender<\/a> in El Salvador, the first country to legalize Bitcoin. Despite this, a large majority of companies in the country don\u2019t bother with crypto transactions. <\/p>\n\n\n\n A mere 14% of businesses have transacted with Bitcoin as per an online survey<\/a> from the Chamber of Commerce and Industry of El Salvador, carried out from January 15th to February 9th of 2022. <\/p>\n\n\n\n Out of 337 companies apart of the survey, 91% believe the adoption of Bitcoin had little impact on their sales, being \"indifferent for their business\". With only a very small 3.6% of companies affirming that Bitcoin has contributed to increasing their sales. Although 84% of the participants in the survey were micro, small, or medium-sized businesses. This may have made it a harder task to confirm whether or not Bitcoin was having an effect on sales or not.<\/p>\n\n\n\n <\/p>\n","post_title":"El Salvador Introduced 44 Countries To Bitcoin And Lightning","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"el-salvador-introduced-44-countries-to-bitcoin","to_ping":"","pinged":"","post_modified":"2023-04-11 00:17:23","post_modified_gmt":"2023-04-10 14:17:23","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5153","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4283,"post_author":"1","post_date":"2022-04-10 17:29:50","post_date_gmt":"2022-04-10 07:29:50","post_content":"\n Prospera, a jurisdiction of the Honduras Island Roat\u00e1n, and Madeira, Portugal are both adopting Bitcoin as de facto legal tender. <\/p>\n\n\n\n According to a report<\/a> by Forbes, residents from both territories will not have to pay capital gains tax on Bitcoin. <\/p>\n\n\n\n Prospera's president Joel Bomgar was joined by former Chief Strategy Officer of Blockstream<\/a> Samson Mow announcing that \"residents won\u2019t have to pay capital gains tax on bitcoin and will be able to pay taxes and fees to the jurisdiction using the cryptocurrency.\" <\/p>\n\n\n\n Alongside Mow and Bomgar, Miguel Alburquerque who is the president of Madeira's Regional Government joined the pair to announce the conditions for Maderia's adoption. Alburquerque announced that residents of Madeira won't need to pay personal income taxes when buying and selling Bitcoin.<\/p>\n\n\n\n The way to legalize Bitcoin as legal tender was paved by El Salvador, which officially\u00a0adopted Bitcoin<\/a>\u00a0as legal tender in September of 2021. Prospera and Madeira are the first two territories since El Salvador to adopt Bitcoin as legal tender.<\/p>\n\n\n\n The Distributed reported<\/a> in March that Lugano, Switzerland was set to make Bitcoin and Tether de facto legal tender. This is expected to be up and running within the next few months. These two territories have launched it before Lugano which is why they are the official two territories to adopt Bitcoin since El Salvador.<\/p>\n\n\n\n The launch of the first bitcoin bond, designed by Mow for El Salvador, was\u00a0postponed<\/a>\u00a0recently. This was due to \u2018unfavorable market conditions.\u2019<\/p>\n\n\n\n Starting from today, Prospera has enabled the \"other municipalities in Honduras or other companies or political subdivisions outside of the United States to float bitcoin bonds from within the Prospera jurisdiction,\u201d according to Bomgar, adding that this will be \u201can incredible way to bring foreign direct investments to the part of the world that needs it most,\u201d<\/p>\n\n\n\n I believe in the future, and I believe in bitcoin. Our government will continue to work to create a fantastic environment for bitcoin in Madeira.<\/em><\/p>Miguel Alburquerque<\/cite><\/blockquote>\n","post_title":"The Two Latest Territories To Adopt Crypto As Legal Tender","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"the-two-latest-territories-to-adopt-crypto-as-legal-tender","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/lugano-switzerland-to-make-bitcoin-and-tether-legal-tender\/","post_modified":"2022-04-10 17:30:33","post_modified_gmt":"2022-04-10 07:30:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4283","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4045,"post_author":"1","post_date":"2022-03-22 14:37:01","post_date_gmt":"2022-03-22 03:37:01","post_content":"\n It has been 6 months since Bitcoin was recognized as legal tender<\/a> in El Salvador, the first country to legalize Bitcoin. Despite this, a large majority of companies in the country don\u2019t bother with crypto transactions. <\/p>\n\n\n\n A mere 14% of businesses have transacted with Bitcoin as per an online survey<\/a> from the Chamber of Commerce and Industry of El Salvador, carried out from January 15th to February 9th of 2022. <\/p>\n\n\n\n Out of 337 companies apart of the survey, 91% believe the adoption of Bitcoin had little impact on their sales, being \"indifferent for their business\". With only a very small 3.6% of companies affirming that Bitcoin has contributed to increasing their sales. Although 84% of the participants in the survey were micro, small, or medium-sized businesses. This may have made it a harder task to confirm whether or not Bitcoin was having an effect on sales or not.<\/p>\n\n\n\n The day was used to allow the attendants to experience firsthand Bitcoin being used as a legitimate payment system. This was met with positive reviews from both the vendors and customers alike.<\/p>\n\n\n\n <\/p>\n","post_title":"El Salvador Introduced 44 Countries To Bitcoin And Lightning","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"el-salvador-introduced-44-countries-to-bitcoin","to_ping":"","pinged":"","post_modified":"2023-04-11 00:17:23","post_modified_gmt":"2023-04-10 14:17:23","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5153","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4283,"post_author":"1","post_date":"2022-04-10 17:29:50","post_date_gmt":"2022-04-10 07:29:50","post_content":"\n Prospera, a jurisdiction of the Honduras Island Roat\u00e1n, and Madeira, Portugal are both adopting Bitcoin as de facto legal tender. <\/p>\n\n\n\n According to a report<\/a> by Forbes, residents from both territories will not have to pay capital gains tax on Bitcoin. <\/p>\n\n\n\n Prospera's president Joel Bomgar was joined by former Chief Strategy Officer of Blockstream<\/a> Samson Mow announcing that \"residents won\u2019t have to pay capital gains tax on bitcoin and will be able to pay taxes and fees to the jurisdiction using the cryptocurrency.\" <\/p>\n\n\n\n Alongside Mow and Bomgar, Miguel Alburquerque who is the president of Madeira's Regional Government joined the pair to announce the conditions for Maderia's adoption. Alburquerque announced that residents of Madeira won't need to pay personal income taxes when buying and selling Bitcoin.<\/p>\n\n\n\n The way to legalize Bitcoin as legal tender was paved by El Salvador, which officially\u00a0adopted Bitcoin<\/a>\u00a0as legal tender in September of 2021. Prospera and Madeira are the first two territories since El Salvador to adopt Bitcoin as legal tender.<\/p>\n\n\n\n The Distributed reported<\/a> in March that Lugano, Switzerland was set to make Bitcoin and Tether de facto legal tender. This is expected to be up and running within the next few months. These two territories have launched it before Lugano which is why they are the official two territories to adopt Bitcoin since El Salvador.<\/p>\n\n\n\n The launch of the first bitcoin bond, designed by Mow for El Salvador, was\u00a0postponed<\/a>\u00a0recently. This was due to \u2018unfavorable market conditions.\u2019<\/p>\n\n\n\n Starting from today, Prospera has enabled the \"other municipalities in Honduras or other companies or political subdivisions outside of the United States to float bitcoin bonds from within the Prospera jurisdiction,\u201d according to Bomgar, adding that this will be \u201can incredible way to bring foreign direct investments to the part of the world that needs it most,\u201d<\/p>\n\n\n\n I believe in the future, and I believe in bitcoin. Our government will continue to work to create a fantastic environment for bitcoin in Madeira.<\/em><\/p>Miguel Alburquerque<\/cite><\/blockquote>\n","post_title":"The Two Latest Territories To Adopt Crypto As Legal Tender","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"the-two-latest-territories-to-adopt-crypto-as-legal-tender","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/lugano-switzerland-to-make-bitcoin-and-tether-legal-tender\/","post_modified":"2022-04-10 17:30:33","post_modified_gmt":"2022-04-10 07:30:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4283","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4045,"post_author":"1","post_date":"2022-03-22 14:37:01","post_date_gmt":"2022-03-22 03:37:01","post_content":"\n It has been 6 months since Bitcoin was recognized as legal tender<\/a> in El Salvador, the first country to legalize Bitcoin. Despite this, a large majority of companies in the country don\u2019t bother with crypto transactions. <\/p>\n\n\n\n A mere 14% of businesses have transacted with Bitcoin as per an online Following In The Steps Of El Salvador<\/h2>\n\n\n\n
Following In The Steps Of El Salvador<\/h2>\n\n\n\n
Following In The Steps Of El Salvador<\/h2>\n\n\n\n
Following In The Steps Of El Salvador<\/h2>\n\n\n\n
Following In The Steps Of El Salvador<\/h2>\n\n\n\n
Following In The Steps Of El Salvador<\/h2>\n\n\n\n
![\"\"](\"https:\/\/www.thedistributed.co\/wp-content\/uploads\/2022\/05\/bitcoin-beach-bankers-using-bitcoin-to-buy-goods-800x419.png\")
Following In The Steps Of El Salvador<\/h2>\n\n\n\n
Following In The Steps Of El Salvador<\/h2>\n\n\n\n
