Inside The Private Bitcoin City that is Controlled by Billionaires not Government | Prospera

Billionaires are pouring money into a private city called Prospera built in Honduras, and the government has no control over it. Próspera is a nice place Located on Roatán, a tropical island off the coast of Honduras, it features a series of airy offices and communal outdoor spaces with ocean views. There are other real estate developments on the island, but Próspera is the only one with its own set of laws and governing system
The city has adopted bitcoin as a unit of account, allowing companies to pay taxes and determine obligations in bitcoin. The measure could incentivize the development of a circular economy, given that bitcoin has been legal tender in the city since 2022.

The city of Prospera has taken the first steps for the development of a pure bitcoin-based economy. The zone announced it approved using bitcoin as a unit of account on January 5, allowing for prices and taxes to be denominated and paid using bitcoin.

Visiting Prospera in Honduras offers a truly unique experience at the intersection of economic exploration, cultural immersion, and educational opportunities. As a special economic zone, Prospera embodies innovative governance and economic development strategies aimed at fostering growth and attracting investment. This makes it a compelling destination for individuals and groups eager to delve into new models of governance and economic policy.
Economically, Prospera operates under a regulatory framework designed to minimise bureaucratic barriers and create a business-friendly environment. This setup is particularly appealing to entrepreneurs and businesses looking to establish or expand operations in a setting that offers incentives such as reduced taxes and streamlined regulatory processes. Visitors can explore firsthand how these policies facilitate economic activity and innovation within the SEZ, gaining insights into how such approaches can potentially spur broader economic development.
Educationally, Prospera serves as a living laboratory for studying innovative governance models and economic policies. Visitors can attend workshops, seminars, and discussions hosted within Prospera to explore topics ranging from entrepreneurship and innovation to governance and policy-making. These educational opportunities provide valuable insights into the theoretical underpinnings and practical applications of Prospera's approach, making it a fertile ground for researchers, policymakers, and students alike.
Overall, visiting Prospera is an enriching experience that combines economic exploration, cultural immersion, and educational insights into a single destination. Whether fascinated by innovative governance structures, eager to engage with local culture, or seeking to deepen understanding of economic development strategies, Prospera offers a multifaceted journey that promises to inspire and inform those interested in pioneering approaches to governance and economic growth.

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