What's Hot

    US authorities are trying to drown the cryptocurrency industry

    30.03.2023

    Ether is a security, and its ICO was just a scam

    30.03.2023

    Aptos may hit a new all-time high

    30.03.2023
    Facebook Twitter Instagram
    Friday, March 31
    Facebook Twitter Instagram
    Crypto News
    • Home
    • Bitcoin
    • Ethereum
      • Altcoins
      • ICO
    • Analytics
    • Blockchain
    • Other
      • DeFi
      • Mining
      • Regulators
      • Security
    Crypto News
    Home»Bitcoin»Puerto Rican Legislators Plan To Fight Corruption With Blockchain
    b98d3fd2c76c439526d395ef0d110b13eb426da9
    Bitcoin

    Puerto Rican Legislators Plan To Fight Corruption With Blockchain

    AdministratorBy Administrator08.12.2021No Comments2 Mins Read
    Share
    Facebook Twitter LinkedIn Pinterest Email


    Reading time: ~ 2 m


    The island’s legislature in Puerto Rico intends to use blockchain to ensure transparency of operations and accountability of the public sector.

    The small island nation of Puerto Rico, with a population of 3.3 million, has been rocked by a string of corruption scandals. The latter erupted last Friday, when the mayor of the city of Catano pleaded guilty to accepting bribes worth more than $ 100,000 in exchange for preferential treatment of municipal contracts. According to the FBI’s Puerto Rican office, other indictments are pending against a number of government officials.

    Rafael Hernandez, Speaker of the House of Representatives of Puerto Rico, announced that he has planned a series of consultations with representatives of the blockchain industry. The main agenda of the meetings is a discussion of the application of blockchain and smart contracts in the public sector, which will help to ensure control of operations in the public sector.

    “We have a real trust issue. And blockchain can be part of the solution to this problem. In addition to fighting corruption, the industry meetings will be part of a broader plan to turn the island into a hub for blockchain and cryptocurrency innovation, ”Hernandez said.

    Although the island is part of the United States, Puerto Rico does not levy capital gains taxes, including profits from cryptocurrency transactions. Puerto Rico is the only place in the United States where investment income, dividends and interest are tax-free. Tax breaks are attracting cryptocurrency companies and new residents to Puerto Rico. The Economic Development Department says the demand for tax breaks has tripled in 2021.




    #Puerto #Rican #Legislators #Plan #Fight #Corruption #Blockchain

    blockchain corruption Fight Legislators Plan Puerto Rican
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Avatar of Administrator
    Administrator

    Related Posts

    Open interest in bitcoin futures is on the rise

    30.03.2023

    Analysts report on DeFi for the 1st quarter of 2023

    30.03.2023

    Bitcoin tested 29,000

    30.03.2023

    Whales switched to profit-taking after bitcoin surge above $29,000

    30.03.2023
    Add A Comment

    Leave A Reply Cancel Reply

    Recent Posts
    • US authorities are trying to drown the cryptocurrency industry
    • Ether is a security, and its ICO was just a scam
    • Aptos may hit a new all-time high
    • Top 5 altcoins to watch in April
    • The head of CryptoQuant spoke about the habits of South Korean traders
    Recent Comments
    • 수원출장 on A professor from a US university restored the Tornado Cash code to GitHub
    • 123 on Taproot support added to LND Lightning client
    • houston junk car buyer on 16,000% increase in social media mentions in 2021 Shiba inu
    • Jim Carrey Memy on Bitwise Launches NFT Tracking Index Fund
    • hotshot bald cop on Kava developers launch testnet with EVM support
    Archives
    • March 2023
    • February 2023
    • January 2023
    • December 2022
    • November 2022
    • October 2022
    • September 2022
    • August 2022
    • July 2022
    • June 2022
    • May 2022
    • April 2022
    • March 2022
    • February 2022
    • January 2022
    • December 2021
    • November 2021
    • October 2021
    • September 2021
    • August 2021
    • July 2021
    • June 2021
    • May 2021
    • April 2021
    • March 2021
    • February 2021
    • January 2021
    • December 2020
    Categories
    • Altcoins
    • Analytics
    • Bitcoin
    • Blockchain
    • Ethereum
    • ICO
    • Mining
    • Other
    • Regulators
    • Security
    Meta
    • Log in
    • Entries feed
    • Comments feed
    • WordPress.org
    Top Posts

    Subscribe to Updates

    Get the latest sports news from SportsSite about soccer, football and tennis.

    Advertisement
    Demo
    Facebook Twitter Instagram Telegram
    • Home
    • Bitcoin
    • Ethereum
    • ICO
    © 2023 Bt-Crow.com - CryptoNews

    Type above and press Enter to search. Press Esc to cancel.