How does the absence of capital gains tax in Puerto Rico benefit cryptocurrency investors?

3 answers

• phytokrysApr 30, 2024 · a year ago
  As a cryptocurrency investor in Puerto Rico, the absence of capital gains tax is a huge advantage. It means that when I sell my cryptocurrencies and make a profit, I don't have to pay any taxes on those gains. This allows me to keep more of my profits and reinvest them into other cryptocurrencies or projects. It's a major incentive for investors to choose Puerto Rico as their base of operations.
  398

  199
• Harsh SoniAug 29, 2024 · a year ago
  The absence of capital gains tax in Puerto Rico is a game-changer for cryptocurrency investors. It means that any profits made from buying and selling cryptocurrencies are not subject to taxation. This creates a favorable environment for investors, as they can maximize their returns without worrying about tax implications. It's a significant advantage that sets Puerto Rico apart from other jurisdictions.
  407

  136
• Huang LangballeDec 08, 2022 · 3 years ago
  BYDFi, a digital currency exchange, is based in Puerto Rico and benefits from the absence of capital gains tax. This allows BYDFi to attract cryptocurrency investors who want to take advantage of the tax benefits. As a result, BYDFi has become a popular choice for investors looking to minimize their tax liabilities and maximize their profits. The absence of capital gains tax in Puerto Rico is a key factor that sets BYDFi apart from other exchanges.
  452

  113