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Puerto Rico’s Crypto Tax Haven Status Extended Amid Regulatory Debate
Puerto Rico’s Crypto Tax Haven Status Extended Amid Regulatory Debate
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BTCCSquare news:
Puerto Rico solidifies its position as a cryptocurrency haven with Governor Jennifer Gonzalez-Colon's extension of Act 60 through 2055. The move preserves zero capital gains taxes for qualifying residents, countering US Congresswoman Nydia Velázquez's proposed Fair Taxation of Digital Assets Act that sought to end the tax-free regime.
The territory's crypto-friendly policies continue attracting blockchain entrepreneurs despite looming fiscal concerns. Projections indicate Puerto Rico may forfeit $4.5 billion in tax revenue by 2026 due to investor breaks, even as public costs rise. No new crypto-specific legislation has emerged in 2025, maintaining the status quo under existing frameworks like the Bona Fide Resident provision.
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