WHAT IF A MICRONATION ADOPTS BITCOIN AS OFFICIAL CURRENCY?

The Principality of the Pontinha (Portuguese:Principado da Pontinha or Principado do Ilhéu da Pontinha), a self-proclaimed country by Prince D. Renato Barros, is located about 70 meters off Madeira Island and has an area of about 178 square metres, or 1,916 square feet. Fort of São José is the headquarters of the Principality of the Pontinha.

In 1903 King D. Carlos I of Portugal, ancestor of D. Renato Barros, signed a Regal Letter (the original is kept in the Tower of London) that stated that the Principality of the Pontinha shall be sovereign. 

Currently, the case is being analyzed by the international community, including the United Nations. Prince D. Renato Barros expects to obtain the rights of a country, including the 200 nautical miles.

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