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Puerto Rico: Open Doors for Cryptocurrency with Favorable Tax Regulations

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by Giorgi Kostiuk

4 hours ago


Puerto Rico has become known as one of the most crypto-friendly jurisdictions due to its unique tax regime, attracting residents from around the world.

Crypto Regulations in Puerto Rico

As of 2025, Puerto Rico has not implemented new laws regarding cryptocurrencies. Existing regulations, such as the Bona Fide Tax, allow residents to enjoy zero capital gains taxes on cryptocurrency. In April 2025, Congress introduced a bill aimed at ending the crypto tax loophole, but Puerto Rico's governor counter-proposed extending existing acts until 2055.

What is the Puerto Rico Government Saying About Crypto

The Office of the Commissioner of Financial Institutions (OCFI) serves as the primary regulatory body overseeing crypto activities. Compliance with anti-money laundering regulations and SEC/FinCEN requirements is mandatory for operations. Recently, the Puerto Rican government decided to extend its tax haven status, countering the Congressional bill.

Crypto Licenses and Taxes in Puerto Rico

Companies dealing with cryptocurrencies must register as financial institutions. Obtaining a VASP license requires adherence to anti-money laundering measures, and detailed company information must be provided. The tax policy remains beneficial, allowing for economic advantages for local and individual investors under Acts 60 and 20.

Puerto Rico offers a unique tax regime that fosters the growth of the cryptocurrency market. However, it is essential to comply with local tax requirements to avoid penalties and liabilities.

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