“Dozens of entrepreneurs, made newly wealthy by virtual currencies, have moved to the island to avoid taxes on their fortunes — and to build a society that runs on blockchain.”
Photo by me. Condado, Puerto Rico.
The New York Times Talks About Puerto Rico Becoming a Crypto Utopia
7 years ago by sean-king (69)
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That's good news
When I see this photo I remember Hoceima city
You should come to morocco i'm sure that you will like it
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Yes! It’s on our “to do” list for sure.
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I'm waiting you @sean-king @steemed-open and @claraking
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@askmee I will be in Morocco in March, I will visit Fez and some cities around! Is Hoceima city close?
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@alexandriaoana26
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Since you are based out of PR, are you attending Puerto Crypto?
I'm going to be going to that conference in March, traveling from Hawaii. Going to see if it maybe worth it for me to move to PR for crypto reasons. The (fake) State of Hawaii has one of the worst cryptocurrency regulations out of all of the US states, and I think if I have to make the move, then it might be worth it for me to go to Puerto Rico.
Let me know if you are going to Puerto Crypto. It'd be nice to meet another SteemIt user out there :)
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Apologies for my delayed response, but yes, I’ll be at Puerto Crypto, as will @lukestokes. Hope to see you their!
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Sounds great! Look forward to meeting you at the conference as well! Cheers man.
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I live on Guam, but would love to move to Puerto Rico...
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This is interesting to read - dream crypto utopia (with its own airport). Is it possible, yes it is. With the amount of money that they are holding? I bet they can move mountains with it.
To evade tax? For now yes - but it could change, i just dont know how will they secure that by the time the project has progress or completed. They are still expats so i dont think they hold any grounds to stand against taxes in the coming future claims.
Whatever implications it might face in the future ~ i still want to see it being accomplished, this is gonna be the first! Looking forward to it.
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Great news for Puerto Rico, should this happen, I see my friends @steemed-open and @sean-king being the leading operators of crypto in that City because they have put in so much, they deserve it.
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This is a drawing for your wife
i hope you like it
https://steemit.com/art/@hassanben/drawing-of-the-wonderful-photographer-s-wife
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We will also escape taxes one day
this is drawing for you mr. @sean-king i hope you like it
https://steemit.com/art/@beforandafter/portrait-for-sean-king-5-min
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Seriously ? In poerto Rico? That's cool, but how does moving to the island help them even taxes on their properties . Does it mean properties on the island don't get taxed?
Building a society that runs on bloclchain, I don't quite get that...
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Correct. If they obtain a decree under Act 22, then they pay no tax on capital gains from the sale of investment assets, which generally includes real estate. However gains that accrued before they move to Puerto Rico are still generally taxed.
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Wow, I guess this is a law peculiar to Puerto Rico alone...or do you know of any other city where this is practiced?
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Sean sees this extraordinary landscape. Look at the colors of this sky. like a story
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Actually when think bigger it is the logical option to move an island and get rid off taxes... But fake speculations is most dangerous and I think this fake speculations state the cyrptos destiny.... I mean if an investment does not assure to its investor... He or she take back his money back... So it is a kind of end.. I think so at least...Meanwhile taxes are taxes everywhere... In an island or in new York... It is bullshit...
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I know where I'll run to with all my crypto gains.
The above is a future tense
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yes beautiful place , I like it @sean-king
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Well its nice stuff on crypto currency marketing @sean-king
Actually its big one to achieve the power. Indeed to good for steemian community.
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beautiful view good photography
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Photography the beautiful , i like post you @sean-king
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Professional photography awesome view.
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wow thats a great post for them who travel.
and you should visit Bangladesh and enjoy the view of the longest sea beach (coxs bazar) of the world..
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@sean-king
virtual currency moguls are flocking to Puerto Rico. They want to avoid government oversight and show the world what a crypto-utopia looks like.
this is a really professional photographer @sean-king i have benefit from your experience you can see some of my works, thanks for your support
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Great news for Puerto Rico, should this happen
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Beautiful I love night shots of cities and this is so amazing next to the sea!
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wonderfull @sean-king thanks for sharing
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Thank for sharing this @sean-king.
Now I know where I'll run to with all my crypto gains.
The above is a future tense
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Are you one of them? :) I think they have moved to the island to avoid taxes on their fortunes and for wonderful trip as I saw your shots.
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I abitblocksteem like your submissions, if you do not mind, my votes too
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Ok. Let's see how this goes.. I guess it'll will be a huge billion dollar splash.. Thanks for sharing Sir @sean-king. And i'm a huge fan of your style/sense of photography. Thanks for your good works on steemit. Cheers!
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Lol. Paying tax on cryptocurrency is still to me, a laughable concept. We wait and see how this goes though.
By the way, your photo here still has a resemblance of a blue Friday picture. Well done.
Photography is obviously second nature to you.
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That is why Peter Schieff moved there, to avoid paying taxes...smart move. I hope the hurricanes didn't mess them up too bad
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wonderfull photography i like it
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Lovely.. I hope to join them soon
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That would be pretty crazy! I'd be interested to see the consequences of something like that in terms of crime etc (In the form of crypto ransoms etc!)
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SAN JUAN, P.R. — They call what they're building Puertopia. however then a person informed them, reputedly in all seriousness, that it interprets to “eternal boy playground” in Latin. So they are changing the call: they may name it Sol.
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I think we are all headed there, a society runs on blockchain. Just needs time.
It is nice to see Puerto Rico's city scape for a change, beautiful.
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Wow I wish to visit this country new York
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they're promoting their houses and vehicles in California and setting up residency on the Caribbean island in hopes of averting what they see as hard kingdom and federal taxes on their growing fortunes, some of which now attain into the billions of greenbacks.
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digital forex moguls are flocking to Puerto Rico. They need to keep away from government oversight and show the world what a crypto-utopia seems like.
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Meanwhile .... in Canada ... Canada Revenue Agency - Treat Crypto like Commodity
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@sean-king you are so helpful man. I asko you to check my last post taken by gopro and beautiful mermaid. I think you like it...
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amazing shot the wonderful puerto rico
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Well I believe congratulations are in order then. Congratulations @sean-king. You are ahead of the curve. :)
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Nice photos
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they will be having crypto utopia soon as possible.
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Puerto Rico or Panama are the perfect cities to move if you have a lot of cryptocurrency!Another option may be Dubai, but the weather doesn't help! Puerto Rico seems a beautiful place, I am glad all your family enjoy the new city! cheers @sean-king!
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the landscape is so magical.Condado, Puerto Rico very naturel place
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Much informative article sharing here @sean-king. Thats realy amazing to know.
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ıt was interesting to read.... I 'm a fan of your posts and started following you couple of days before... I'm a travel blogger and vlogger also a ballroom dancer just joined the steemit community. I will be happy also ıf you can follow me... I'm trying to maintain connections with good quality content owners. and I'm trying to do the same. I'll be happy If you can support me (ofcourse if you really like my work)... :)
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great info
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