Puerto Rico News

The legislation proposed by New York Representative Nydia Velázquez came after the Puerto Rico Governor floated a 4% capital gains tax for new applicants.

“I believe I acted appropriately with respect to my taxes,” Dan Morehead said in a statement, adding that he moved to Puerto Rico in 2021.

The brokerage platform took advantage of Hawaii’s recent change to money transmitter licensing to expand to the non-contiguous United States.

Attorneys representing the alleged fraudster, Avraham Eisenberg, convinced the judge that more time was needed to sift through discovery materials submitted by U.S. prosecutors.

“The noose is tightening” for wealthy Americans suspected of exploiting Puerto Rico’s relaxed tax regime.

Mushegian was an important figure in the crypto community, contributing to multiple projects, including MakerDAO, BitShares and Balancer.

Crypto today is fraught with risk, misinformation, and undue complexity — but this platform is demystifying things for newcomers to the market.

Puerto Rico regulators closed down Schiff’s bank for not maintaining the net minimum capital requirements. As a result, customers lost access to their accounts following a subsequent freeze.

The new license from Puerto Rico further strengthens Binance CEO Changpeng Zhao's vision to be licensed everywhere.

“This funding mechanism will allow us to widen our donor base and reach a new generation of supporters,” said Corazón Latino founder Felipe Benitez.

A mayor in Puerto Rico pleaded guilty to accepting a bribe of more than $100,000 in cash last week.

Crypto capital is moving to Puerto Rico as tax regulations are much more favorable than in the United States.

The level of freedoms that the U.S. has provides an argument for the country as the most crypto-friendly location, although Puerto Rico also has its benefits.

The United States-based branch of cryptocurrency exchange Binance, Binance.US, opened account registration and verification services for residents of Puerto Rico.

Puerto Rico-based Medici Bank, founded by a direct descendant of the Italian Medici dynasty, launches private beta testing in October.