You must report your Bitcoin account when entering America

News24xx.com - United States are back to tighten the rules of the travelers to enter the country.

After some time ago the rules requiring the tourists declared or social media exposes to the immigration officer is passed, now the Bitcoin is not escaped attention.

It is the same case with social media rules, every traveler visiting the United States must be reported to this country when having digital currency, or one of that, Bitcoin.

This new proposal put forward by SenatorChuck Grassley on May 25, 2017.

For the moment, as quoted from Ubergizmo on Tuesday, June 20 2017 the traveller who should report their digital money is people who have worth more than USD 10,000 or equivalent to IDR 132.9 million in their Bitcoin.

This idea appears because digital currency could follow the owner anywhere and seems to become valuable items.

This obviously differ from other currency or valuables that may not participate with travelers when traveling.

However, it is still unknown how they see someone with a digital currency value of hundreds of millions.

In addition, according to Investopedia there is advice to tax compliance laws to regulate the trading of foreign currency, or could there be some sort of a global monitoring system to oversee the big book.