Declaring over $10k worth of cryptocurrency when flying

[Marry Finch]

At any airport around the world it's quite normal that if you are departing or entering a country with more than $10k currency, you have to declare it.

Cryptocurrencies are another matter. What you must declare are banknotes, traveler's checks, gold coins... Anything physical. The future will probably assimilate cryptos to money in the bank, but so far there isn't a single word about BTC in customs regulations.

Most likely, that's the way it is. Crypto currency at the border crossing is not necessary. In any case, your duties should be stipulated clearly in the customs regulations. Without this, there can be no additional duties.

[savushkinTA]

There are no such laws yet

[Proton2233]

There are no such laws yet

You are not right. To Deposit cash in the customs Declaration you need. I can't say in all countries there is such a rule or not but I know many countries where this rule is. If you don't then you've confiscate currency. But this only applies to cash. On the credit card you can take out any amount. So I don't see the point to use for customs clearance of bitcoins

[Kingofbitcoin12345]

I don’t have any idea what does airport regulation is referring to,, if worth 10000$ is it hard paper money?? or even a digital or virtual??.. The same way does a atm holder person will declare its money on security purposes or those only physical one.. Maybe I need to learn more about this.. It really needs some time to study much about our law that defines cryptocurrency prohibition and restrictions.. But I don’t know how or where to start,, if the law about bitcoin is still not even been pass or drafted..