usa to canada to buy bitcoins 20k$

[geoffreyqp]

am i aloud to bring 20k cash from usa to canada to purchase bitcoins? somebody close to me is selling at spot. and it's only a 2 hour drive for me. and i'll be able to make and save some money with those coins.

is it considered money laundering?

also what will the border say if i have 20k cash?

[xhomerx10]

am i aloud to bring 20k cash from usa to canada to purchase bitcoins? somebody close to me is selling at spot. and it's only a 2 hour drive for me. and i'll be able to make and save some money with those coins.

is it considered money laundering?

also what will the border say if i have 20k cash?

 They'll ask to see your Report of International Transportation of Currency and Monetary Instruments FinCEN 105 (formerly CF 4790) and when you don't produceit, they will confiscate your money.

 You can take as much cash as you like over the border but if you have $10+ you need to fill out that form.  Also you can't split the amount between you and a spouse or a friend... it will be confiscated.

 Fill out the form.

[geoffreyqp]

am i aloud to bring 20k cash from usa to canada to purchase bitcoins? somebody close to me is selling at spot. and it's only a 2 hour drive for me. and i'll be able to make and save some money with those coins.

is it considered money laundering?

also what will the border say if i have 20k cash?

 They'll ask to see your Report of International Transportation of Currency and Monetary Instruments FinCEN 105 (formerly CF 4790) and when you don't produceit, they will confiscate your money.

 You can take as much cash as you like over the border but if you have $10+ you need to fill out that form.  Also you can't split the amount between you and a spouse or a friend... it will be confiscated.

 Fill out the form.

when i come back and don't have cash anymore. does it show up in their systems. are they gonna ask where i spent it? can i say i bought bitcoins? or is that money laundering?

[xhomerx10]

am i aloud to bring 20k cash from usa to canada to purchase bitcoins? somebody close to me is selling at spot. and it's only a 2 hour drive for me. and i'll be able to make and save some money with those coins.

is it considered money laundering?

also what will the border say if i have 20k cash?

 They'll ask to see your Report of International Transportation of Currency and Monetary Instruments FinCEN 105 (formerly CF 4790) and when you don't produceit, they will confiscate your money.

 You can take as much cash as you like over the border but if you have $10+ you need to fill out that form.  Also you can't split the amount between you and a spouse or a friend... it will be confiscated.

 Fill out the form.

when i come back and don't have cash anymore. does it show up in their systems. are they gonna ask where i spent it? can i say i bought bitcoins? or is that money laundering?

 Tell them you blew the wad at the casino.
Honestly I haven't done it for bitcoin so I don't know... I guess you could just tell them you bought bitcoin.

[FiiNALiZE]

you could do whatever you want, you earned that cash, Just don't say anything.

[xhomerx10]

you could do whatever you want, you earned that cash, Just don't say anything.

 Sure it was earned but not declaring it is a good way to get it confiscated.  Not good advice.