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"WASHINGTON – In the name of fighting terrorism financing, a new U.S. Senate bill threatens to force private corporations to monitor your financial activity and empowers government to seize all your assets if you fail to comply with the new law."
"As the bill stands today, precious-metals holdings are not covered under the required declarations. Most other ‘monetary instruments’ would be locked down tight."
The ever reaching US government is reaching even further than ever, with a new bill that is obviously overbearing.
The implication here is that they are after your BTC because they can't control it. Not a good situation to be in at all.
Surprisingly they are leaving the precious metals out of it, which just proves even more they are after the cryptos, because the people in the know need to have a safe haven and the metals are cheap at this point in time and serve the purpose.
“And if that weren’t enough, this bill also gives them with new authority to engage in surveillance and wiretapping (including phone, email, etc.) if they have even a hint of suspicion that you might be transporting excess ‘monetary instruments,'”
Wow!
WATCH OUT FOLKS.
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Thanks.
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As if they were not already surveilling since 1996 with the Telecommunications act. Good luck U.S.A. trying to enforce this one. LOL
This is basically a catch all.
If we even suspect you have BTC and are not declaring it, your in for a bad time.
This post received a 1.9% upvote from @randowhale thanks to @lvl! For more information, click here!