What are the regulations for crypto currency in Puerto Rico?

3 answers

• Dec 18, 2021 · 3 years ago
  As of now, Puerto Rico does not have specific regulations for cryptocurrency. However, the government has expressed interest in attracting blockchain and cryptocurrency businesses to the island. It is important for individuals and businesses to stay updated on any future developments in terms of regulations and compliance requirements.
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• Dec 18, 2021 · 3 years ago
  Cryptocurrency regulations in Puerto Rico are still in a nascent stage. While there are no specific laws governing cryptocurrencies, individuals and businesses should ensure compliance with existing financial regulations, such as anti-money laundering (AML) and know your customer (KYC) requirements. It is advisable to consult with legal experts to navigate the regulatory landscape effectively.
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• Dec 18, 2021 · 3 years ago
  BYDFi is a digital currency exchange that operates in Puerto Rico. As a regulated exchange, BYDFi complies with all applicable laws and regulations, including AML and KYC requirements. Users can trade a variety of cryptocurrencies on the platform, while ensuring compliance with the regulatory framework in Puerto Rico.
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