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RE: And just like that, Big Brother steps in

in #cryptocurrency • 7 years ago (edited)

One does not "carry" cryptocurrency. We only have access to it. For example, if someone entering US has a bank account in another country, they are not carrying that bank account, therefore they don't have to declare it.

Obvsiously they don't know how it all works, and until they do, they really cannot impose any regulation on crypto.

7 years ago in #cryptocurrency by
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     7 years ago 

    This is already stated in the proposal.

    https://www.congress.gov/bill/115th-congress/senate-bill/1241/text#toc-idea0e9489fc8f46379f95bb56c8bbbda5

    “(7) ‘prepaid access device’ means an electronic device or vehicle, such as a card, plate, code, number, electronic serial number, mobile identification number, personal identification number, or other instrument, that provides a portal to funds or the value of funds that have been paid in advance and can be retrievable and transferable at some point in the future.”.

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