Trump’s 5% Remittance Tax Could Boost Crypto Adoption
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Former President Donald Trump’s proposed 5% tax on remittances may inadvertently accelerate cryptocurrency adoption. The policy, dubbed ’Trump’s Big, Beautiful Bill,’ could drive demand for borderless digital assets as a means to circumvent traditional financial channels.
Market analysts suggest the remittance tax would disproportionately impact migrant workers and cross-border commerce, creating fertile ground for Bitcoin and other cryptocurrencies to gain traction as alternative payment rails. This aligns with the growing narrative of crypto as a hedge against restrictive fiscal policies.
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