Over the past few years, as the number of cryptocurrency traders has ballooned, we’ve seen the rise of the crypto millionaire. Keen to avoid the tax rates in states like California and New York, some of these fortunate individuals are now opting to start new lives in Puerto Rico of all places.
There are several key reasons behind this sudden phenomenon, as CNBC explains. As well as the island’s obvious beauty, residents who live there for more than 183 days each year are entitled to huge tax breaks – which some speculate is the main reason behind Logan Paul's decision to relocate to the US territory last year.
