As Puerto Rico has been beset by corruption allegations, the island’s legislature will begin holding meetings on how to use the blockchain technology that underpins cryptocurrencies such as ...

Almost 40% of Puerto Rico has still not been reconnected to the power grid. 30% of the cell towers are still down. People are still in shelters because their homes have not been rebuilt, and many ...

Many who made their fortunes from cryptocurrencies zeroed in on Rincón. ... Judge Approves Deal to Resolve Puerto Rico Bankruptcy. Copy story link. 9h ago. Item 1 of 7. Share full article.

A Puerto Rico-based digital challenger bank is launching a custody service for digital assets, offering clients the chance to securely store and exchange major cryptocurrencies from early 2021 ...

Every purchaser cited Puerto Rico’s generous tax breaks as the reason for the move. Over the past two years, ... Ether and other cryptocurrencies -- has hit an all time high.

A member of the House of Representatives has proposed legislation aimed at stopping investors from using the US territory of Puerto Rico as a crypto tax haven. According to an April 21 Bloomberg ...

In exchange, they get a 0% tax rate on capital gains such as profits from selling estate stocks or cryptocurrencies. As residents of Puerto Rico, they also save money by not paying federal income ...

Long known for low taxes, Puerto Rico can be particularly attractive as President Joseph Biden's plan to put $1.75 trillion social and climate spending by raising corporate taxation rates awaits a ...

After Hurricane Maria decimated Puerto Rico’s infrastructure in September and the price of cryptocurrencies began to soar, they saw an opportunity and felt a sense of urgency. So this crypto ...

Federal Reserve Bank of New York President William Dudley warned there’s considerable danger and risk right now around the rise of so-called cryptocurrencies that seek to supplant the U.S. dollar.