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Trump’s Proposed 5% Remittance Tax Might Just Be Crypto’s Next Catalyst
Trump’s Proposed 5% Remittance Tax Might Just Be Crypto’s Next Catalyst
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Another day, another policy that could accidentally fuel crypto’s fire. Trump’s floated 5% tax on cross-border money transfers—ostensibly to ’make Mexico pay’—might achieve something far more interesting: pushing remittance users straight into Bitcoin’s open arms.
Why? Because nothing accelerates adoption like politicians creating friction in traditional finance. When Western Union starts looking like a bad deal, decentralized alternatives suddenly seem a lot more attractive.
Wall Street won’t like this one bit—watching their cut of the $800B remittance market evaporate because someone forgot to check crypto’s end-run around capital controls. But hey, that’s what happens when policy meets unintended consequences.
Trump’s Big, Beautiful Bill’ May Surge crypto market Read More
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