Billionaires are pouring money into a private city called Prospera built in Honduras, but the government has no control over it. The city-state runs like a business, with corporate income tax as low as 1%, and all financial transactions can be done using Bitcoin. WATCH MORE INSIDER NEWS VIDEOS: Was Italy's $1 Home Scheme Worth It? | True Cost | Insider News https://www.youtube.com/watch?v=JoSC_I2kwMg The Rise And Fall Of Crypto | Insider News https://www.youtube.com/watch?v=yFjn2a5WzLw How Sam Bankman-Fried's Crypto Scam Worked | Insider News https://www.youtube.com/watch?v=s7bMDzbHTOo CHAPTERS: 00:00 - Intro 01:08 - How Próspera Works 02:54 - Insider Pristine Bay 03:29 - City Services 04:06 - How They Use Bitcoin 05:42 - The Judicial System 06:26 - Próspera CEO 06:56 - How Próspera Started 08:26 - Inside Crawfish Rock 08:57 - Opposition To Próspera 10:54 - Those Who Favor It 11:42 - Roatan's Economy 12:55 - Hurdles For Próspera 13:35 - Próspera Expansion Plans 13:58 - Honduran Sentiment 14:57 - Credits ------------------------------------------------------ #crypto #bitcoin #honduras #insidernews Insider's mission is to inform and inspire. Visit our homepage for the top stories of the day: https://www.insider.com/news Insider News on Facebook: https://www.facebook.com/InsiderNews Insider News on Instagram: https://www.instagram.com/insider Insider News on Twitter: https://twitter.com/insidernews Insider News on Snapchat: https://www.snapchat.com/discover/News_Insider/5185974304 Insider News on TikTok: https://www.tiktok.com/@insidernews Inside The Mysterious Private Crypto City Billionaires Are Pouring Money Into | Insider News