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Meaning of Puertopia | Babel Free

Noun CEFR B2

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

B2
Upper Intermediate
This word is part of the CEFR B2 vocabulary — upper intermediate level.
See all B2 English words →

See also

Puertorriqueño Puestow Puestow procedure Puestow-Gillesby procedure puet Puett

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