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| Crypto paradise in san juan | Most of the crypto expats I spoke to lived in the same few neighborhoods in San Juan or Dorado, a wealthy coastal enclave. Though it is officially a part of the U. They are selling their homes in California and establishing residency on the US unincorporated territory only some US laws apply in hopes of avoiding what they see as onerous state and federal taxes on their growing fortunes, some of which reach into the billions of dollars. But only Puerto Rico, which is closer to Caracas than it is to Miami, offers residents an easy way to keep their U. Pursuits They call her the muse of Rio de Janeiro's Carnival. |
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| Track a blockchain transaction | It pays the bills, but she's not getting rich. Hedge funds gradually began seeking a toehold on the island but what has really supercharged the flurry of arrivals is the Covid pandemic � which drove a shift away from big cities and popularised remote work � and the recent explosion in cryptocurrency markets. Proponents of the tax breaks describe it as not only a boost for an island that has been mired in bankruptcy for more than four years � prolonged by hurricanes, earthquakes, a political scandal and the pandemic � but an opportunity for reinvention. Still, the idea has its detractors: some of the laws only apply to new residents, so lifelong islanders are ineligible. Read more about. Meet the entrepreneurs, small businesses and large corporations impacting the economy and our daily lives. |
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| Crypto paradise in san juan | During his time in Puerto Rico, Mr Johnson has been able to connect with wealth management, private equity and cryptocurrency companies, as well as people in the property, pharmaceutical, energy and agricultural sectors. Keys moved to Puerto Rico in January , the height of the previous crypto bull market. All you have to do is spend days per year on an island known for its pearl-white beaches and dark rums residing on a boat within territorial waters also works. Green Magnitude 4. Still, the idea has its detractors: some of the laws only apply to new residents, so lifelong islanders are ineligible. Global cryptocurrency regulation should be comprehensive and co-ordinated, IMF says. Photograph: The New York Times. |
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