Cointelegraph
News
Sources have told Bloomberg that Puerto Rico’s Noble Bank has lost Tether and Bitfinex as clients and is looking for buyers.
The Puerto Rican Department of Economic Development and Commerce is creating a public and private sector based Blockchain advisory council.
A report on Tether published by Bitmex Research shows that while it ‘possibly’ has enough fiat reserves, it is at risk of a shutdown by regulatory bodies.
Expert Take
The notion that US and Puerto Rico tax authorities will allow cryptocurrency sales to escape taxation entirely is pretty optimistic.
Puerto Rico has defaulted on $800 million of its general obligation bond debt, with no plans on paying it back. Smart investors go with Bitcoin instead.
To combat the Zika virus, Puerto Rico instituted a price freeze to keep condom prices from exploding. Meanwhile, its economy needs stimulation. Bitcoin can help...
The original online payment platform, PayPal, has decided to leave the populous island of Puerto Rico next month. The US territory has imposed a 2 percent take ...
Puerto Rico, a commonwealth estimated to have roughly US$72 billion in debts, announced this week that the accumulated debt simply cannot be paid.
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