From the
“One VCN will always equal 1 VCN” Dept:
Bitcoins to come under anti-money laundering reporting requirements
A new bill was introduced in the US Senate. The Bill's Section 13 aims that people report digital and cryptocurrencies in excess of $10K entering the US.
https://anonymster.com/bitcoins-anti-money-laundering-reporting/https://www.law.cornell.edu/uscode/text/31/5312 <- The “United States Code” referenced below
https://www.congress.gov/bill/115th-congress/senate-bill/1241/text#toc-idea0e9489fc8f46379f95bb56c8bbbda5SEC. 13. PREPAID ACCESS DEVICES, DIGITAL CURRENCIES, OR OTHER SIMILAR INSTRUMENTS.
(a) In General.—Section 5312(a) of title 31, United States Code, is amended
...
(2) “financial institution” means
...
(K) an issuer, redeemer, or cashier of travelers’ checks, checks, money orders, prepaid access devices, digital currency, or similar instruments, or any digital exchanger or tumbler of digital currency
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(3) “monetary instruments” means—
(B) as the Secretary may prescribe by regulation, coins and currency of a foreign country, travelers’ checks, bearer negotiable instruments, bearer investment securities, bearer securities, stock on which title is passed on delivery, prepaid access devices and similar material;
...
(7) ‘prepaid access device’ means an electronic device or vehicle, such as a card, plate, code, number, electronic serial number, mobile identification number, personal identification number, or other instrument, that provides a portal to funds or the value of funds that have been paid in advance and can be retrievable and transferable at some point in the future.
...
(c) Customs And Border Protection Strategy For Prepaid Access Devices.—Not later than 18 months after the date of enactment of this Act, the Secretary of Homeland Security, in consultation with the Commissioner of U.S. Customs and Border Protection, shall submit to Congress a report—
(1) detailing a strategy to interdict and detect prepaid access devices, digital currencies, or other similar instruments, at border crossings and other ports of entry for the United States
A classic example of the incoherent ravings and random spasmodic jerks that are characteristic of a corrupt hierarchy in the process of collapse.
Cheers
Graham