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Why are more long-term travellers managing their money entirely through crypto wallets?
Ask anyone who’s spent more than a few months bouncing between hostels and co-working spaces, and you’ll hear the same complaint: traditional banking wasn’t built for people who don’t stay put. Foreign transaction fees stack up, cards get frozen for “suspicious activity” the moment you cross a border, and getting a replacement debit card sent to a moving target is its own logistical nightmare. It’s no surprise that a growing number of digital nomads and backpackers are ditching the high street bank model altogether. This isn’t a fringe habit anymore either. Awareness of crypto assets has become ... (full story)
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From thestreet.com | 2 hr 49 min ago
The Digital Chamber, a popular cryptocurrency lobbying organization, sued the U.S. state of Illinois on July 21 to halt a proposed tax plan. Illinois' Digital Asset Tax Act, passed and approved on a short notice last month on June 16, enacts a 0.2% tax on businesses transacting or storing crypto assets for their customers in the U.S. state. Illinois' ...