Crypto Regulations in Puerto Rico 2025: The Crypto Tax Haven
Puerto Rico has solidified its reputation as a 'crypto utopia,' drawing global enthusiasts with its favorable tax policies. The island's unique regulatory environment, including the Bona Fide Tax exemption, allows qualifying residents to enjoy 0% capital gains taxes on cryptocurrency trades. This has positioned Puerto Rico as a magnet for blockchain entrepreneurs and investors.
In April 2025, U.S. Congresswoman Nydia M. Velázquez proposed the 'Fair Taxation of Digital Assets in Puerto Rico Act,' aiming to curb the tax-free crypto regime. Governor Jennifer Gonzalez-Colon countered by extending Act 60, preserving Puerto Rico's status as a crypto-friendly jurisdiction. The absence of new restrictive laws reinforces the island's appeal as a hub for digital asset innovation.
