Meaning of Puertopia | Babel Free

Definitions

Puerto Rico as a cryptocurrency tax haven.

slang

Examples

“[…] to "crypto-currency" traders building their own version of a libertarian, tax-free "Puertopia" built on Bitcoin.”

“Their arrival came as residents of the island struggled from the devastation wreaked by Hurricane Maria, but the young millionaires—some of them were billionaires—had another priority: creating "Puertopia."”

“Puerto Rico has become a hotbed for this virtual currency as ultra rich advocates, such as Brock Pierce, flocked to their Caribbean “Puertopia” to evade taxes and to maximize their blockchain profits.”

CEFR level