Trump’s Proposed 5% Remittance Tax May Increase Crypto Use
- The bill proposes a 5% tax on remittances.
- Over 40 million people could be affected by the tax.
- Analysts suggest the tax may drive individuals to use cryptocurrencies.
If enacted, Trump’s bill would impose a 5% tax on remittances, potentially impacting over 40 million people. Analysts warn this could lead to increased cryptocurrency usage as an alternative to avoid the proposed tax.
Source (2.6)https://news.bitcoin.com/trumps-big-beautiful-bill-could-push-millions-to-crypto/?rand=52384
