U.S. Bill Requiring Travelers to Declare Digital Currencies Resurfaces

in cryptocurrency •  8 years ago 

The United States Senate has introduced a bill that would require all travelers entering the U.S. to declare digital currency holdings in excess of $10,000. Despite concerns raised by the invasive nature of the bill, the likelihood of it being passed is extremely low simply due to the incredibly challenging infrastructure that would be required.

In fact, the new bill is actually a reintroduction of an older bill that was originally introduced in 2011. The 2011 bill never made it out of sub-committee deliberation.

Read more here: https://bitcoinmagazine.com/articles/us-bill-requiring-travelers-declare-digital-currencies-resurfaces/

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Just store your private key online somewhere they're not gunna find it and you'll be fine. Obviously if you have an app on your phone that says "blockchain" or "bitcoin" or something they're gonna want you to declare it, but apart from that I think it's highly unlikely that they're gonna be asking everyone if you've got a crypto-currency on you. Or better yet hold your access info on a piece of paper safely tucked away in your luggage while going through security.

my private keys at home) travel without keys !
17403

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I admit if America already mastered the world in all fields of the ancients

so lets wait and see what really happens... think if this will get through the congress some radical changes will happen worldwide...