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Topic: Declaring over $10k worth of cryptocurrency when flying - page 3. (Read 3468 times)

member
Activity: 70
Merit: 10
Crypto Lobbyist
Don't.

If you don't have to declare your bank balance, you don't have to declare Bitcoin. They are not on your person anymore than your bank account that you might have your number to. I'm not saying if you get caught with a private address that's just written down that someone might get their panties in a bind but... It makes zero sense. There is no reason to comply so long as you don't have a blatant private key written down.
legendary
Activity: 3066
Merit: 1047
Your country may be your worst enemy
At any airport around the world it's quite normal that if you are departing or entering a country with more than $10k currency, you have to declare it.

Cryptocurrencies are another matter. What you must declare are banknotes, traveler's checks, gold coins... Anything physical. The future will probably assimilate cryptos to money in the bank, but so far there isn't a single word about BTC in customs regulations.
hero member
Activity: 1330
Merit: 569
At any airport around the world it's quite normal that if you are departing or entering a country with more than $10k currency, you have to declare it.

Do peeps declare their cryptocurrency when they are travelling? All these peeps walking around with over $10k in cryptocurrency on a physical hard wallet or a soft wallet on their computers are leaving/entering the country with currency. Wonder what would happen if they didn't declare it and were found out...


In the past it would not be necessary because to my understanding, it would mean because the law does not acknowledge it, it does not exist but in about some weeks ago, there was a proposed law by the US law makers to make it mandatory to disclose. If it pass, then there is a mandatory obligation to disclose such information and even at the embassy. A quick check on the law makes it so which has been interpreted to make the environment more hostile to the users of crypto-currency.
member
Activity: 112
Merit: 10
At any airport around the world it's quite normal that if you are departing or entering a country with more than $10k currency, you have to declare it.

Do peeps declare their cryptocurrency when they are travelling? All these peeps walking around with over $10k in cryptocurrency on a physical hard wallet or a soft wallet on their computers are leaving/entering the country with currency. Wonder what would happen if they didn't declare it and were found out...
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