According to Odaily Odaily, on January 1, 2026 local time, new tax measures for certain cross-border remittances in the United States officially took effect. According to regulations from the U.S. Treasury Department and the IRS, starting January 1, 2026, remittance service providers are required to collect a 1% tax on eligible remittance transactions and declare and pay it as required. The regulations indicate that this tax will be payable when remitters use cash or similar "instruments of payment in kind" (including money orders, bank drafts, etc.) as the source of funds for cross-border remittances; transactions using U.S. bank accounts or debit cards, credit cards, etc., are generally not subject to this tax. This measure is part of the "Big and Beautiful" tax and spending bill promoted by the Trump administration. According to the IRS, this tax applies to overseas remittance recipients, including U.S. citizens and residents.
Some tax analysts believe that "cryptocurrency and stablecoin transfers are not considered taxable remittance transfers." In other words, stablecoins are not considered "physical payment instruments" within the scope of this tax, but the actual situation is yet to be determined.
