New crypto business in Puerto Rico | Bitcointalksearch.org

Mamoot

member

Activity: 490

Merit: 10

Quote from: jerick06 on March 15, 2018, 10:50:24 PM

Crypto experts and entrepreneurs said that Puerto Rico is the next place to do a crypto business. Bitcoin bull Brian Kelly told CNBC that crypto is the new business and Puerto Rico is a viable place to set a crypto shop.

See link for full article https://www.cnbc.com/amp/2018/03/15/bitcoin-investors-betting-on-puerto-rico-.html

this is great because as more money creates digital money, the more cyptocurrency in the world, hopefully Puerto Rico can be the next hot spot to do business for the cryptocurrency industry

Kemarit

legendary

Activity: 3080

Merit: 1353

There was a earlier interview by CNBC to the governor of Puerto Rico last March and he believes that crypto is a game changer. And they have this new code called Act 22. I guess this aim to attract new investors to flock on country and invest money. I think they will be having what they called Puerto Crypto.

Quote

Puerto Rico is luring crypto entrepreneurs and investors thanks to an exemption within the Internal Revenue Code, called Act 22, that allows nonresidents of Puerto Rico to pay no taxes on their long-term capital gains.

https://www.cnbc.com/2018/02/16/puerto-ricos-governor-is-bullish-on-blockchain-as-part-of-islands-comeback.html

Here's another interesting article from NY Times.

https://www.nytimes.com/2018/02/02/technology/cryptocurrency-puerto-rico.html

So this is indeed another welcoming news for crypto's in general. When so much regulations going around, at least we have someone who understands what this so called disruptive technology can bring to the table.

simple999

newbie

Activity: 69

Merit: 0

Quote from: jerick06 on March 15, 2018, 10:50:24 PM

Crypto experts and entrepreneurs said that Puerto Rico is the next place to do a crypto business. Bitcoin bull Brian Kelly told CNBC that crypto is the new business and Puerto Rico is a viable place to set a crypto shop.

See link for full article https://www.c[Suspicious link removed]m/amp/2018/03/15/bitcoin-investors-betting-on-puerto-rico-.html

wonderful) well that the authorities do not forbid it to do))

boybitcoin

full member

Activity: 235

Merit: 100

Amazing.. they eager to establish thier new bussiness and they really support it.. very nice and great idea.. hope that all other countries, not to fear on accepting the new digital currency

UAE Seasider

full member

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Merit: 110

Helios Protocol https://discord.gg/cpzAEMB

I think there are plenty of places that already that will support up coming crypto businesses, I am not convinced that Puerto Rico would be a wise choice given the Hurricane risk and also the country is practically bankrupt and liable to default on its debt. Positive crypto attitude is however encouraging and hopefully that policy will spread quickly.

CryptoBry

sr. member

Activity: 1008

Merit: 355

I am glad that a good country like Puerto Rico has recognized a trend which many other governments are afraid to face and take advantage of. As one of the pioneering countries to embrace cryptocurrency, I am sure that this can be helping its economy and the people in general. As they can be opening up for new fintech companies to locate within its territory, this can be opening jobs for the people and can have domino effect to the whole economy most especially that they have been lately devastated by that natural calamity. This is one way of showing us that more and more countries will eventually be joining the cryptocurrency bandwagon.

jerick06

jr. member

Activity: 180

Merit: 4

Crypto experts and entrepreneurs said that Puerto Rico is the next place to do a crypto business. Bitcoin bull Brian Kelly told CNBC that crypto is the new business and Puerto Rico is a viable place to set a crypto shop.

See link for full article https://www.cnbc.com/amp/2018/03/15/bitcoin-investors-betting-on-puerto-rico-.html

Topic: New crypto business in Puerto Rico (Read 178 times)