US, a remittance tax on money will favor cryptocurrencies

US President Donald Trump could introduce a remittance tax on money sent home by people living in the U.S. illegally. Billy Bambrough (Forbes) explains that this news could favor cryptocurrencies. According to the data gathered by Coin Dance, the bitcoin trading volume in certain regions has been spiking since the news of Trump’s plans for a remittance tax first broke, especially in Mexico and Venezuela.