RE: USA wants.. Travelers to Declare Bitcoin at the Border!

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USA wants.. Travelers to Declare Bitcoin at the Border!

in bitcoin •  8 years ago 

I agree with you too, but that argument wouldn't hold up in court if you somehow did get caught holding BTC.

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8 years ago by

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      ·  8 years ago 

    Isn't it by fact money that you don't really own? It's virtual. At the time you have these numbers "related" (and nothing more) to your "account" there is no real, existing value in your possession. You only REALLY have any capital, if your transact into mainstream currency.

    It's like charging you at the air port for holding microsoft stocks.
    Or am I missing something? I don't think it suceeds.

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        ·  8 years ago 

      Crypto is definitely an asset that you own and is regulated either as a commodity or as a currency depending on where you live. But you are correct that it is ridiculous and similar to asking you your bank account balance.

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