SoylentNews is people
SoylentNews
from the all-your-coin-are-belong-to-us dept.
In May, the bill S.1241 (archive) was introduced in the U.S. Senate by Chuck Grassley, a Republican Senator from Iowa. The bill, if enacted, would call upon the Department of Homeland Security to develop
a 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
According to a story at btcmanager.com (square brackets in original),
the bill would "criminalize [those] intentionally concealing ownership or control of a [digital currency or digital exchange] account.
The Senate held a meeting about the bill on November 28. Witnesses included Charles Davidson of the Kleptocracy Initiative of the Hudson Institute conservative think tank; Douglas Farah of IBI Consultants, which specializes in "issues of national security, transnational crime, terrorism, terror finance and non-state armed actors"; and Kathryn Haun Rodriguez of Coinbase, a cryptocurrency exchange. Ms. Haun, however, made no mention of cryptocurrency in her testimony (PDF).
(Score: 3, Interesting) by All Your Lawn Are Belong To Us on Tuesday December 05 2017, @11:44PM
Absolutely correct. However, if I understand the summary (and won't read the TFA), they can ask you: Do you have any cryptocurrency accounts? And you say, "No," and they have absolute proof (thanks to the CIA or FINCEN or whatever) that you do. You are then guilty of a crime, and not only can you be refused entry or deported, you most likely can be held in Guantanamo or black sited.
They aren't looking to catch you with a USB drive with a Bitcoin wallet - though this will be the pretext for getting the law passed and DEA or whatever will take you down if you do.
And Extremely Invasive Surveillance of the Criminal Long Before They Decided to Leave the Country = NSA.
This sig for rent.