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RE: USA wants.. Travelers to Declare Bitcoin at the Border!
I fully agree, they can't even get the "old school" method of pen & paper to PC to work, how are they going to check crypto currencies which is based on algorithms that the normal person can't understand? This is just another form of control that they want to implement, but they don't realize that it's not something that can be controlled by a simple policy or law.
the danger is not now the danger is in the future, if you ever come under gov scrutiny or run for public office and they start digging into your past, and them viola they can say he you left the country in 2017 with your phone(nobody is going to leave the country without it) and you had 50k in crypto so now we can do a civil assets forefiture and you are screwed , thats how they work and that is their ultimate goal, resistance is futile.
They can pull a civil assets forfeiture for you running a red light. Lots of cases of this happening. Crypto is just another excuse. You could spit on the sidewalk in Oklahoma and the cops could take your car, house and anything else they wanted. There are over 4 million laws in this country. Breaking any of the least of them can and will result in civil asset forfeiture if they decide to go after you or me. Being involved in Crypto doesn't give them anymore of an excuse than they have already. Just My Honest Opinion.
are you from oklahoma
That's right , this is not going to effect everyday life unless they decide they want some leverage on you later. Better safe than sorry , you could send the bitcoin to a friend in the country you are visiting ahead of time.
How would they even know how to check your balance ?
Wallets are encrypted or protected and no matter what you answer, it would be almost impossible for them to confirm
If you use Coinbase or if you use any crypto debit card there is a link to your identity and they are tracking every transaction the same as if you were using a bank account. This is true even if you are not a U.S. citizen. The IRS has already gained access to all transactions on Coinbase from the past 3 years.
Also most cryptos are not anonymous and can be traced including steem.
If they can check Coinbase for your Bitcoins then it would be bad for Coin base as it would be better for people not to have an account there. I don't think the US government can check all the bitcoin exchanges. Only US based ones like Coin base
Its not just Coinbase its any company that is in the business of swapping crypto for USD's. Any such business that does not cooperate will be shut down.