US EditionWould the Government Set a Trap for Fintechs?
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The financial transaction tax is being extended to digital payment service providers, so fintechs like Revolut will also have to pay it. The decision is intended to create a “fairer” burden within the financial sector, but it could easily set back the momentum for innovation. This does not seem to stop decision-makers, as they are also promoting the use of cash and making it a constitutional right, which means an extra budgetary burden of hundre…
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