A growing number of cryptocurrency enthusiasts and hedge fund investors, sometimes called “crypto colonizers,” have moved to Puerto Rico to take advantage of tax breaks designed to bring outside investors to the island. The increase in wealthy foreigners has raised real estate prices and created a growing discussion on whether this type of investment creates economic development in Puerto Rico.
By: Adrian Mosqueda, October 19, 2021 Last month El Salvador became the first country to recognize Bitcoin as legal tender. The decision has faced a wide array of opposing opinions. Supporters identify the benefits such as providing a viable alternative for those that do not have access to traditional banking solutions. However, the decision has […]
By: Ashley Docherty, September 21, 2021 As Bitcoins and other cryptocurrencies have grown in popularity, central banks have begun to develop digital currencies, also called CBDCs, to make transactions faster and cheaper for consumers. Countries around the world have raced to created CBDCs in the hopes of making its currencies more enticing as reserve currencies […]