Would this be just for US citizens or visitors as well? I don't see how they can police this? and given recent volatility, you could argue at the time you crossed the border you had no idea if your holdings were worth more than $10k!
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Hahahaha, yeah you're right! It could be $9k now and $11k in five hours. It seems like a flawed proposal to me.
It looks like it would be for all of the above...