Speaking at the Bitcoin Conference 2022 in Miami, Samson Mow, former chief strategy officer of Blockstream, named three new jurisdictions that will adopt or propose to accept Bitcoin (BTC) as legal tender.
Samson Mow began by explaining the process he has spent the past months working on Bitcoin adoption at a national level since leaving Blockstream. During that time, he said, the programmers’ influence has spread to places like Prospera, a privately run burgeoning city on the island of Roatán in Honduras.
Soon after, Prospera City President Joel Bomgar followed up with Mow when he said that the Prospera jurisdiction would allow municipalities in Honduras and corporate entities outside the United States to participate in Bitcoin bond investments in Prospera. These bonds will operate in a similar way to the Bitcoin bonds planned by El Salvador, also built in partnership with Samson Mow.
Furthermore, accredited US investors, who qualify for a high income or net worth threshold, can also directly invest in Honduras Prospera Inc., which promotes and develops the necessary conditions. necessary to maintain prosperity in Honduras and the region.
“Bitcoin at Prospera is operating as legal currency. That means there is no capital gains tax on BTC, you can trade freely in BTC and you can pay taxes and fees to the jurisdiction in BTC.”
Second, the autonomous region of Madeira in Portugal is the next representative that plans to mainstream adoption of cryptocurrencies. Madeira President Miguel Albuquerque expressed directly to thousands of spectators at the conference that he believes in a new financial future in the presence of BTC.
Although he did not go into too much detail about the legalization of BTC, Albuquerque insisted that people do not need to pay taxes when buying or selling crypto assets in his area, and vowed to continue working. to create a better environment for BTC.
Finally, Senator Indira Kempis of Mexico gave an update on Mexico’s Bitcoin adoption plan. Kempis announced last month that she wants Mexico to become the second country to accept BTC as currency, after El Salvador.
“In Mexico, 67 million people are not included in our financial system. Bitcoin is the solution to this problem. Through financial inclusion and financial education, people can have a better quality of life.”
While the chances at the time seemed slim, what she revealed during the Bitcoin Conference 2022 makes the possibility of such a change somewhat simpler. Relaying a message to Mow from the President, she shared that he wanted to sit down with leading experts to discuss Bitcoin legalization across Mexico.
It should be noted that in October 2021, Mexican President Andres Manuel Lopez Obrador stated that he did not want the country to implement this plan, so this can be seen as a significant step forward in the President’s improved view.
However, in order to achieve the current open national reception successes, a small contribution to it is the great effort of Samson Mow. As mentioned above, before leaving the position of chief strategy officer at Blockstream, he started the JAN3 project, with $21 million in funding at a $100 million valuation.
JAN3 will focus on improving Bitcoin and BTC scaling technologies like Liquid and Lightning, which are key to mass adoption and the blockchain economy. The company will also support Bitcoin adoption initiatives at the national level and contribute expertise to infrastructure development projects.
The name of the company refers to the original block of BTC, mined on January 3, 2009, by creator Satoshi Nakamoto. JAN3 will take over the AQUA crypto wallet, a Bitcoin and Liquid Mobile wallet from Blockstream, as well as the NFT marketplace Raretoshi.
In addition, JAN3 also signed a memorandum of understanding with the government of El Salvador, the first country to legalize Bitcoin as a currency last year in order to provide a digital infrastructure for the country and the Bitcoin city. JAN3 was announced by Mow at the same time as participating in discussions with three politicians at the Bitcoin Conference 2022.