Donald Trump has talked about forcing Mexicans to pay for a border wall with a tax on remittances back home. When Mexicans working in the US send money back home, they’ll have to send a big chunk to Washington for the privilege. The tax would have to be huge to cover the Wall’s cost. People will look for alternatives — such as Bitcoin.
An article on Bitcoinist looks at the prospects for growth in Bitcoin transfers. Before it can tax them, the feds will have to find out. Bitcoin is designed to make that hard.
Continue reading Tunneling under Trump’s wall with Bitcoin