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Are you a crypto investor enjoying the tax benefits of Puerto Rico? Hold on tight, because a shocking new bill from a U.S. lawmaker could drastically alter your financial landscape. Representative Nydia Velázquez has introduced the Fair Taxation of Digital Assets in Puerto Rico Act, and it’s sending ripples of concern throughout the crypto community. Let’s dive into what this means for you and your digital assets. The heart of the matter is the Fair Taxation of Digital Assets in Puerto Rico Act. Introduced by U.S. Representative Nydia Velázquez, this bill directly targets the existing tax advantages that have made Puerto Rico a haven for crypto investors. Currently, individuals meeting certain residency requirements in Puerto Rico can benefit from significant tax exemptions, particularly on capital gains. This has attracted a wave of crypto enthusiasts and businesses to the island, boosting its economy and positioning it as a burgeoning crypto hub. However, this new legislation aims to change the game. What does the bill propose? For years, Puerto Rico has been promoted as a tax-friendly jurisdiction for investors, particularly under Act 60 (formerly Act 22 and Act 20). These acts offered substantial tax exemptions to new residents and businesses, leading to an influx of individuals from the mainland United States seeking to minimize their tax liabilities. The crypto sector was a significant beneficiary of this, with many crypto entrepreneurs and investors establishing residency in Puerto Rico. Now, this legislative move threatens to disrupt this ecosystem. Nydia Velázquez is a highly influential member of the U.S. House of Representatives, representing New York’s 7th congressional district. Her introduction of this bill signals a growing scrutiny of crypto tax havens within the U.S. territories and potentially broader implications for US crypto regulation. Why is Velázquez focusing on Puerto Rico? Velázquez’s involvement adds significant weight to this legislative effort. As a senior member of Congress, her initiatives often garner considerable attention and support. This bill is not just a minor adjustment; it’s a clear signal that lawmakers are paying close attention to how crypto wealth is being taxed (or not taxed) and are prepared to take action. The potential enactment of the Fair Taxation of Digital Assets in Puerto Rico Act has significant implications for Puerto Rico crypto investors. Let’s break down the key areas of impact: For those who have made Puerto Rico their home primarily for tax optimization on their crypto holdings, this bill presents a serious challenge. The financial calculus that made Puerto Rico so appealing could be fundamentally altered, forcing investors to reconsider their residency and investment strategies. If the Fair Taxation of Digital Assets in Puerto Rico Act becomes law, Puerto Rico crypto investors will need to adapt quickly. Here are some key considerations and actionable insights: The introduction of this bill underscores the evolving global landscape of digital asset tax and regulation. Crypto investors must be proactive in understanding and adapting to these changes to ensure compliance and optimize their financial outcomes. The future of crypto in Puerto Rico and the broader landscape of crypto tax regulations are uncertain, but this bill signals a clear direction. It’s becoming increasingly evident that tax havens, even within U.S. territories, are facing increased scrutiny. Governments worldwide are seeking to capture tax revenue from the burgeoning crypto economy, and the days of lightly regulated or untaxed crypto gains may be numbered. Looking Ahead: The situation in Puerto Rico serves as a critical case study. It highlights the tension between attracting investment through tax incentives and ensuring tax fairness and revenue collection. As the crypto industry matures, navigating the complexities of global tax regulations will be a key challenge for investors and businesses alike. In conclusion, the Fair Taxation of Digital Assets in Puerto Rico Act is a critical development for crypto investors. It represents a potential paradigm shift in how digital assets are taxed in Puerto Rico and possibly sets a precedent for broader US crypto regulation. Staying informed, seeking expert advice, and adapting proactively are essential steps for anyone involved in the crypto space in Puerto Rico and beyond. To learn more about the latest crypto tax updates and regulatory trends, explore our article on key developments shaping crypto regulation globally. Disclaimer: The information provided is not trading advice, Bitcoinworld.co.in holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

DeFi Technologies has announced the development of Kenya Digital Exchange, a regulated platform earmarked for the tokenization of real-world assets. Announced on April 21, Kenya Digital Exchange is a collaboration between DeFi Technologies and its subsidiary Valour Inc., as well as SovFi and the Nairobi Securities Exchange. KDX offers a new exchange that will allow for the trading of various tokenized products, including equities, debt, funds and commodities. “This partnership marks a bold and strategic leap toward the future of African capital markets,” said Frank Mwiti, chief executive officer of the NSE. KDX will help unlock new investment opportunities for users, increase market access and bring benefits tokenization and trading to more users across the continent. Notably, KDX will tap into blockchain technology, including Hedera ( HBAR ), to bring these benefits to users. “By collaborating with NSE, we will empower investors with new asset classes, driving economic growth, and positioning Kenya as a leading financial hub in Africa,” said Olivier Roussy Newton of DeFi Technologies. The partnership comes several months after an initial collaboration between Valour and the NSE, which will see exchange-traded products by Valour go live on the Nairobi Stock Exchange. Per the details in the latest press release, the ETPs are set for NSE-listing before the end of the third quarter of 2025. Meanwhile, KDX is set for phased rollout, with the first of three phases implemented by the end of 2025. The last phase is expected in the first half of 2026. The new digital exchange will feature a revenue model that includes trading fees, listing fees, deposit/withdrawal fees, and margin trading. KDX also plans to accrue revenue from lending, staking, token launches, custody and initial exchange offerings among many other initiatives. The launch of KDX looks to tap into a market boasting over 6 million crypto users, and one that accounted for over $18.6 billion in transactions in 2022.

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SUCI Blockchain Hub AI Hackathon Review The AI Hackathon hosted by SUCI Blockchain Hub and sponsored by CodeX was held offline in Ho Chi Minh City, Vietnam in March 2025. It focused on real asset integration and AI agent development, encouraged innovation through the establishment of multiple awards, promoted technical exchanges and collaboration, and demonstrated the potential for deep integration of AI and blockchain technology.