🚀 New U.S. Tax Measures on Cross-Border Remittances Effective January 2026
#USTax #CrossBorderRemittances #RemittanceTax #IRS #Treasury #PhysicalPaymentInstruments #MoneyOrders #CashierChecks #BankTransfers #DebitCard #CreditCard #Cryptocurrency #Stablecoin #TaxRegulations #USResidents #USCitizens #TrumpAdministration #BigAndBeautifulBill
According to Odaily, new tax measures on certain cross-border remittances in the United States took effect on January 1, 2026. Under regulations from the U.S. Department of the Treasury and the Internal Revenue Service, remittance service providers are required to withhold a 1% tax on eligible transactions and report it accordingly. The regulations specify that remittances funded by cash or similar 'physical payment instruments,' such as money orders and cashier's checks, are subject to this tax. However, transactions funded through U.S. bank account transfers or using debit or credit cards are generally exempt.
This measure is part of the 'Big and Beautiful' tax and spending bill promoted by U.S. President Donald Trump's administration. According to the IRS, the tax applies to overseas remitters, including U.S. citizens and residents.
Tax experts have noted that cryptocurrency and stablecoin transfers are not considered taxable remittance transfers. This implies that stablecoins do not fall under the category of 'physical payment instruments' subject to the tax, although the practical implications remain uncertain.#USTax #CrossBorderRemittances #RemittanceTax #IRS #Treasury #PhysicalPaymentInstruments #MoneyOrders #CashierChecks #BankTransfers #DebitCard #CreditCard #Cryptocurrency #Stablecoin #TaxRegulations #USResidents #USCitizens #TrumpAdministration #BigAndBeautifulBill
🚀 Charles Schwab Plans Limited Rollout of Spot Bitcoin and Ethereum Trading in 2026
#CharlesSchwab #Bitcoin #Ethereum #CryptoTrading #2026 #SpotTrading #USResidents #LimitedRollout #NS3AI #BTC #ETH
Charles Schwab has announced its intention to introduce spot Bitcoin and Ethereum trading in the first half of 2026. According to NS3.AI, the firm, which manages $12.2 trillion in assets, will initially offer the service with a limited rollout in the second quarter before expanding further. CEO Rick Wurster confirmed that the trading service will be available to U.S. residents, excluding those in New York and Louisiana.#CharlesSchwab #Bitcoin #Ethereum #CryptoTrading #2026 #SpotTrading #USResidents #LimitedRollout #NS3AI #BTC #ETH