Puerto Rico
Puerto Rico's Crypto-Friendly Policies
Puerto Rico is extending its 4% tax incentive to crypto assets and blockchain activities, including staking. Puerto Rico Blockchain Trade Association Executive Director Keiko Yoshino joins "First Mover" to discuss why she thinks crypto brings value to the community.
Puerto Rico Expands 4% Tax Incentive to Crypto and Blockchain Activities
Puerto Rico has extended its 4% tax incentive to crypto assets and blockchain activities, including staking. Puerto Rico has already been crowned a tax haven by crypto businesses that have sought to take advantage of the country’s policies. Puerto Rico Blockchain Trade Association Keiko Yoshino discusses the move and the state of crypto in Puerto Rico amid the bear market.
Puerto Rico Extends 4% Tax Incentive to Crypto and Blockchain Activities
Staking and exporting crypto services qualify for the tax rate.
Mango Markets Exploiter Must Stay Detained Pending Trial, Court Rules
Avraham Eisenberg may be a risk to flee the U.S., a judge in Puerto Rico suggested.
Mango Markets Exploiter Faces Fraud Charges, Filing Reveals
Court documents reveal Avraham Eisenberg, the crypto investor whose “highly profitable trading strategy” drained decentralized finance (DeFi) trading platform Mango Markets of crypto worth $110 million, was arrested Monday in Puerto Rico. "The Hash" panel discusses the details.
Mango Markets Exploiter Arrested in Puerto Rico on Fraud Charges
Avraham Eisenberg, the crypto investor who drained DeFi trading platform Mango Markets of crypto worth $110 million, was arrested Monday in Puerto Rico on charges of commodities fraud and commodities manipulation. CoinDesk Global Policy & Regulation Managing Editor Nikhilesh De discusses what we know so far.
Why Puerto Rico Can Be a Tax Haven for Crypto Enthusiasts, but Not Necessarily for Locals
The U.S. territory of Puerto Rico has become a crypto paradise, thanks to tax breaks allowing some who live on the island for 183 days a year tax-free profits on their investments. Transform Group CEO & co-founder Michael Terpin and BĀSED President Gustavo Diaz Skoff discuss the issue with CoinDesk's Christine Lee. They explain why the tax rules have led to a growing crypto community on the island, and why some critics say those rules need to change.
This Hair Stylist-Turned-Crypto-Trader Lived the 'Crypto Paradise' Dream, Until it Went South
Celebrity hairstylist Silvia moved to Puerto Rico, trading crypto on her phone from exotic beaches on the island and living in "paradise." Then, the Terra-Luna fallout wiped out billions of dollars from the crypto markets. And that's when things went South. She shares her story while giving "First Mover" co-host Lawrence Lewitinn a haircut.
Could Puerto Rico be the Singapore of America?
Michael Terpin, founder & CEO of Transform Group, a leading crypto strategy firm in Puerto Rico, shares insights into the state of crypto on the island amid a resurgent growth of the digital assets community. “It’s rapidly becoming the most important tech center for blockchain leadership,” Terpin said. “It’s becoming the Singapore of America.”
Is Puerto Rico a Crypto Utopia?
Puerto Rico’s hands-off approach to capital gains, income, and business taxes is attracting crypto’s nouveau riche to its shores. Puerto Rico Blockchain Trade Association’s Giovanni Mendez and Keiko Yoshino discuss why the island is an important destination for the blockchain community and what it offers.