BTC became legal tender in Insula Investment Management hometown –  Funchal, Madeira.

At the Bitcoin 2022 conference in Miami the president Miguel Filipe Machado de Albuquerque of Madeira announced that Bitcoin (BTC) will be adopted as a legal tender.

Madeira – Europe’s capital of BTC

Madeira is an autonomous region of Portugal situated in the North Atlantic Ocean 520 km west of Morocco. The Island has an estimated population of around 250,000 in 2021. With the capital city being Funchal located on the main island’s south coast. 

During the midst of the COVID-19 pandemic, Madeira saw an increase in freelance and IT specialists move to Madeira. With a growth in digital nomads and tourist business owners, the beauty and technological growth opportunity that the island had to offer quickly became apparent. 

Madeira has an abundance of benefits to the island. Apart from the warm climate and beautiful nature, property on Madeira is significantly lower than on mainland Portugal. Living costs on the island are relatively low outside of the capital city, allowing residents to live a luxurious lifestyle. Madeira has a high level of personal security and low taxes, allowing registered eligible business owners to receive a corporate tax rate of 5%. 

Bitcoin Miami 2022

The president Miguel Filipe Machado de Albuquerque of Madeira announced at the Bitcoin 2022 conference in Miami, that Bitcoin ($BTC) will be adopted as a legal tender on the island.  

“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”

Insula in Madeira

Insula Investment Management’s offices are currently located in Funchal, Madeira and has been located here for one year, thriving in the newly adopted European capital city of Bitcoin. Following an initial phase of adoption, it can be expected that new Bitcoiners get interested in exploring crypto further. Insula comes into play here, to allow existing crypto owners to go beyond Bitcoin only – there are thousands of cryptocurrencies out there!

Insula Investment Management offers investors crypto investment funds diversified into various crypto-assets in one transaction such as DeFi, Metaverse and Stablecoin on both the Ethereum and Polygon network. At Insula we provide seamless onboarding and support to all investors that invest in our funds. We invite all prospects and investors into our ecosystem chat to allow investors to maintain continuous contact with the team at Insula Investment Management.

In 2019, Insula Investment Management shared with Investing.com that at Insula “No fiat is involved in the equation – We do the accounting in Bitcoin & only accept investment in cryptocurrency.” Insula Investment Management additionally has its own native Insula Token ($ISLA) that serves as a utility token that is a multichain token on Ethereum, Binance Chain and Polygon. 

At Insula Investment Management we strive to research the latest trends in crypto to allow inventors to gain exposure to rising crypto trends early. The team at Insula also has a future outlook into the industry, exploring the latest opportunities and legislative developments in order to stay ahead of future regulatory changes. 

Insula Investment Management provides utmost security to investors through using blockchain technology and enabling investors to true crypto ownership through private wallets. Of which Insula Investment Management has no custody, allowing our investors to invest autonomously without requiring consultation, advisory or approval from the team at Insula.

Insula’s services

Additionally Insula Investment Management provides consultation service to enterprises or businesses that are exploring integration or adoption of blockchain technology or cryptocurrencies. We provide paid consultation services about crypto funds, tokens, legal, crypto assets/the matic crypto investments per industry, cyber security consulting and digital marketing. 

Lastly our B2B services are the creation of crypto tokens or crypto funds. In the process of creating your own token, our expertise are within the areas of tokenomics, smart contact deployment and web3.0 integration. Together with the client’s involvement we customize the token to the clients desires. 

Creating your own fund is also largely customizable to the clients needs. At Insula Investment Management our expertise are within the fund hosting and integration from web3.0 to web2.0, asset universe selection and portfolio design according to the clients aspirations. Moreover build and sustain actively managed algorithmic trading funds. The team at Insula have extensive legal knowledge on decentralized funds and lastly the onboarding and support of prospects and investors. 

We have a great deal of  expertise in these areas and hope to teach, create, guide and promote businesses to explore and adopt these technologies.


If you are a Madeira resident interested in investing your Bitcoin or Ethereum at Insula instead of just holding it, we invite you to schedule a meeting with our team in Funchal: https://calendly.com/d/cpc-5sn-6zr/insula-funchal-office-hours?month=2022-04


If you are living outside of Madeira and interested in investing your cryptocurrencies at Insula, we invite you to schedule a meeting with our team via an e-meeting discuss our investment funds: https://insulainvestments.com/schedule-a-demo/

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