[X-Post (Wrong Tag)] Is it now illegal to own a large amount of digital currency, like BTC or any altcoin, without documenting it with US Officials? What is a "large amount" considered to be anyway? Another new Bill to be taken advantage of?

[ceenoevil]

Take a look for yourself and make your own opinions:

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

Is this the United States' attempt to begin regulation of cryptocurrency or are they merely simply honestly and of course trustily just preventing money laundering?

You be the judge. I know what I am hoping is not true. But with our current Government (I am of no particular political affiliation) and past Governments, we seem to be driven towards greed with the drafters and those who vote in the bill being the ones paid (well their PAC will be "donated to" to support "future campaigns" and whatnot, of course they know nothing about it!)

Maybe they will pay them in BTC and we can find the blockchain and trace a few wallets of Senators to see what they are doing with their BTC! s/

(Sorry for repost, used the TOTALLY wrong tag heh.

https://steemit.com/senate/@ceenoevil/is-it-now-illegal-to-own-a-large-amount-of-digital-currency-like-btc-or-any-altcoin-without-documenting-it-with-us-officials