Puerto Rico News

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.

Some in the crypto community have embraced Puerto Rico. Could it be the country for you?

The new San Juan Mercantile Exchange subsidiary is now live after gaining a banking license in March.

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.

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.