Aditya Bhattachrya on How Remittance Tax Reform Could Accelerate Fintech and Blockchain Innovation

In a recent feature by South Asian Herald titled “Cash to Crypto? U.S. Remittance Tax Fuels Fintech Innovation and Informal Risks”, Aditya Bhattachrya offers a forward-looking perspective on the impact of remittance taxation in the U.S.

Highlighting the innovation potential within this policy shift, he notes,

“Lowering remittance taxes could spark innovative financial solutions. For instance, fintech companies might develop new apps or services tailored for remittances, enhancing security and speed. This could also lead to blockchain-based remittance systems, reducing costs further and increasing transparency.”

As global remittance flows continue to grow, especially among South Asian diaspora communities, Aditya highlights the opportunity for technology to bridge regulatory challenges and unlock inclusive, efficient financial ecosystems.

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