Dan Primack Feb 7, 2017
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Mexican remittance tax could lead to Bitcoin boom

Greg Ruben / Axios

GOP Rep. Mike Rogers on Tuesday said that he will introduce legislation to charge a 2% tax on remittances from individuals to Mexico and other South American countries to help offset costs of President Trump's proposed border wall. It also could unintentionally spark mass adoption of Bitcoin and other cryptocurrencies, which could be used by immigrants to circumvent such rules.