Blockonomi
TLDR NY Rep. Nydia Velázquez introduced the “Fair Taxation of Digital Assets in Puerto Rico Act” The bill aims to close loopholes allowing crypto investors to avoid federal taxes in Puerto Rico Critics claim crypto investors have driven up housing costs without helping the local economy Puerto Rico could lose $4.5 billion in revenue between […]
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US Lawmaker Proposes Bill to End Crypto Tax Breaks in Puerto Rico
TLDR NY Rep. Nydia Velázquez introduced the “Fair Taxation of Digital Assets in Puerto Rico Act” The bill aims to close loopholes allowing crypto investors to avoid federal taxes in Puerto Rico Critics claim crypto investors have driven up housing costs without helping the local economy Puerto Rico could lose $4.5 billion in revenue between