Implode-o-Meter News - Puerto Rico's crypto scene is booming, but there is backlash among locals

Real estate costs are rising in neighborhoods across San Juan, not just in touristy areas such as Condado, but also in hipster communities such as Ocean Park, where graffiti reading "Act 22 = Racismo" is painted across the street from a commune established by a San Francisco start-up founder. In a private Facebook group for sublets and housing, fights increasingly break out over expensive rentals. "Puerto ricans don't need your cash nor your bitcoins," one person wrote under a post about a one-bedroom apartment renting for $1,900.
Though repeal of Act 22 is unlikely, lawmakers are considering amendments to it, said Sen. Juan Zaragoza, a member of the centrist Popular DemocrÃ¡tico party who chairs the Senate Finance Committee.

Some people want to "kick them out of the island, and repeal the law retroactively," Zaragoza said. "There's a high level of hate against these people.

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Puerto Rico's crypto scene is booming, but there is backlash among locals