Tag Archives: Technology

Tax Breaks in Puerto Rico Bring Crypto Enthusiasts, Rising Real Estate Prices, and Political Blowback

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.