The cryptocurrency industry is looking at Puerto Rico next

Puerto Rico could well be the next hot place to do business for the cryptocurrency industry, said experts and entreprenenurs at a blockchain conference this week, while government officials unveiled efforts to support the industry there.

Manuel Laboy, secretary of Puerto Rico’s Department of Economic Development and Commerce, announced on Thursday that it was forming an advisory council to help blockchain businesses grow.

The U.S. territory also offers tax benefits to businesses that relocate there.

At the three-day Blockchain Unbound conference this week at San Juan, Puerto Rico, Laboy told CNBC that it’s a win-win situation for investors and Puerto Rico is eager to be part of the expanding cryptocurrency market.

He said that for every 14 available blockchain developer jobs, there is only one qualified person to fill the position.

“The government is looking for new ways to attract business,” bitcoin bull Brian Kelly told CNBC. “Cryptocurrency is a new business.” […]

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