Puerto Rico wants to become a favorable destination for the development of the crypto and blockchain industry. This and more news in this practical daily summary so that you are always informed with the most recent events that occur within the crypto world.
Blockchain industry makes its way into Puerto Rico legislation
📍‌A circular issued by the Department of Economic Development and Commerce of Puerto Rico opens the doors to a regulated environment for the blockchain industry. According to Valid identity document published, Puerto Rico wants to become a key international technological center for the development of commercial activities, including the cryptocurrency market and the blockchain industry.
The government department wants to boost the development of cryptoassets and blockchain by creating and establishing a regulatory framework that guarantees security and stability.
According to the department, the Commonwealth receives numerous questions and proposals regarding activities related to blockchain technology and digital assets, and the state wants to contribute to the development of this industry to generate greater economic activity and stay at the forefront of the growing digital economy.
In Puerto Rico, cryptocurrencies and blockchain have been playing a key role in boosting the state's economic development and commercial activity. In fact, in January of last year, Governor Pedro Pierluisi referred to cryptocurrencies as a key alternative to attract investment to the territory.
Pierluisi stressed that Puerto Rico was offering Attractive incentives for crypto industry investors, such as the exemption or reduction of various taxes.
Christie's auctions generative art NFT for ÂŁ365.000
📍‌An NFT from the Findeza project was auctioned at Christie's for more than £365.000. The Findeza #724 NFT, part of a crypto collection of non-fungible tokens designed by visual artist Tyler Hobbs, fetched £365.400 (about $440.000) at auction by London-based Christie's this week.
Findeza is a generative NFT art project built on the Ethereum blockchain. This NFT art project has gained huge popularity in recent years, to the point of selling several of its non-fungible tokens for millions of dollars. For example, in 2021, Findeza #313 sold for $3,3 million. In September of last year, an investor acquired 8 tokens from this crypto collection, paying close to $1 million for them.
Auction house Christie's highlighted that the newly auctioned NFT is “an extraordinary generative work of art” that channels inspiration from art history and nature into innovative computer code.
Japanese investors are betting on HODLing their cryptocurrencies
📍‌Zero Accel, a Japanese company, has conducted a survey of cryptocurrency investors in Japan. The results According to the survey, the majority of investors, 8 out of 10, are willing to maintain or hold their cryptocurrencies in the future. Among the favorites of Japanese investors are Bitcoin, in first place, and Ethereum, in second.
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