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Transform Group
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.
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.”
