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Rosalindxe8
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With global tariffs rising, Bitcoin transactions for cross-border trade surged 217% in 2023. SMEs now save 15-25% on electronics imports by bypassing traditional banking channels. However, the EU plans to track crypto payments over €1,000 to curb revenue losses. Chainalysis reports $4.2B in potential tariff revenue was lost to crypto last year. While offering short-term relief, economists warn this trend may trigger stricter regulations. Developing nations like Nigeria see crypto as vital for survival, with trade volumes doubling post-textile tariffs.
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