Trump Tax On Remittance Nudges Crypto Adoption

President of United States Of America Donald Trump has proposed a new remittance tax, which will push immigrant to adopt cryptocurrency to send money outside the country. Kris Kobach, Kansas secretary of state explained, “The threat [to illegal immigrants] I propose is one that actually helps [the U.S.] if we follow through on it. That is the threat of ending remittances from the majority of people in the United States from Mexico who are here illegally.”

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Trump Tax On Remittance Nudges Crypto Adoption

A Blockchain is a growing list of records, called blocks, which are linked using cryptography. Cryptography is the practice and study of techniques for secure communication in the presence of third party adversaries. Cryptocurrency is a digital currency that uses encryption (cryptography) to regulate the generation of currency and verify the transfer of funds, independently of a central bank.

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