This "U.S. Bill S.1241 " just goes to show how little the government understands Bitcoin & cryptocurrency... With a little caution (i.e. proper cold storage), you don't need to comply.
You are viewing a single comment's thread from:
This "U.S. Bill S.1241 " just goes to show how little the government understands Bitcoin & cryptocurrency... With a little caution (i.e. proper cold storage), you don't need to comply.
Thats what I am wondering. A bitcoin and its key are different things if you are trying to regulate the movement of a bitcoin across a physical barrier like the JFK airport. The bitcoin isn't moving across that border, its still sitting in a wallet hosted in romania or whatever. Its the KEY to the bitcoin you asshats want to regulate.