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U.S. eases crypto export regs

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U.S. eases crypto export regs

As crypto advocates have long predicted, U.S. limits on the export of strong encryption products have resulted primarily in disadvantaging U.S. software firms that compete with unregulated providers. This week, the Clinton administration plans to announce that it will no longer require U.S. software firms to acquire licenses to sell strong crypto to clients in the European Union. Ironically, this comes at the same time that the U.S. Treasury department has acknowledged that encryption presents a serious challenge to governments’ ability to tax. A recent Treasury news release raises the specter of the Internet turning into a tax haven.

To read the story on the policy change, click to www.mercurycenter.com. To read the Treasury news release, go to www.ustreas.gov.

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