You are viewing a single comment's thread from:
RE: USA wants.. Travelers to Declare Bitcoin at the Border!
the problem is its just another tool to separate you from wealth, if they decide to mess with you and , lets say you traveled outside of the US two years ago and you had 50.000 in crypto at the time and you took your phone, computer, or whatever with you anything that would give you access to your accounts, they go back 2 years see that you didnt declare anything and bam civil assets forfeiture and now you are broke.
That's assuming that you have only the same devices that you started out with. You could easily use other devices while you're away and rid yourself of them before you return. After all access is private.
but if down the road you come under some type of gov scrutiny and they discover you were out of the country in the past and you had over 10.000 in crypto they can seize all of your assets and you are screwed.
You are right, this will not effect most people but if they decide they want to nail you for some reason they have this at their disposal.
Plus jail time,
Be careful what you put in your brain wallet...extraction could get messy in a back room at the border or airport...FEMA camp?
Indeed. That's what they do.