Fortunately it's pretty difficult to tell when someone is "crossing the border with cryptocurrency" since it doesn't have to have any physical presence.
I sure as hell wouldn't take a TREZOR or another dead giveaway on a plane, but I would confidently take my phone or laptop with wallets on them, and I would probably be happy to take a brain wallet or even use a third party like an exchange or online wallet to briefly hold the coins while I cross the border.
Since BTC is very much an international currency, it's pretty much irrelevant what customs think, provided that you exercise a reasonable amount of caution.
Topic: Combating Money Laundering, Terrorist Financing, and Counterfeiting Act of 2017 - page 2. (Read 374 times)
November 03, 2017, 03:52:08 PM
November 03, 2017, 01:58:43 PM
A new bill, S.1241 – Combating Money Laundering, Terrorist Financing, and Counterfeiting Act of 2017, would make it a money laundering offense to cross the American border with more than $10,000 in undeclared cryptocurrency. The stated goal of this legislation is to bolster America’s “border protection strategy to interdict and detect prepaid access devices, digital currencies, or other similar instruments, at border crossings and other ports of entry for the United States.
S. 1421 would have the Department of Homeland Security and the U.S. Customs and Border Protections agencies to work together and present Congress with a plan to detect digital currencies at border crossings and information on the infrastructure needed. Needless to say, everyone is curious as to what kind of infrastructure would need to be developed to “detect” the presence of digital currency at border crossings. Suffice to say, the presence of such language in the proposed law reveals the deep lack of understanding that our lawmakers have when it comes to the internet, privacy, and especially digital currencies.
https://www.congress.gov/bill/115th-congress/senate-bill/1241/text#toc-idea0e9489fc8f46379f95bb56c8bbbda5
S. 1421 would have the Department of Homeland Security and the U.S. Customs and Border Protections agencies to work together and present Congress with a plan to detect digital currencies at border crossings and information on the infrastructure needed. Needless to say, everyone is curious as to what kind of infrastructure would need to be developed to “detect” the presence of digital currency at border crossings. Suffice to say, the presence of such language in the proposed law reveals the deep lack of understanding that our lawmakers have when it comes to the internet, privacy, and especially digital currencies.
https://www.congress.gov/bill/115th-congress/senate-bill/1241/text#toc-idea0e9489fc8f46379f95bb56c8bbbda5
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