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The law doesn't care whether the same justification exists. A bitcoin wallet in your house in US is not a foreign asset, since those bits (that representing pr
by em3rgent0rdr 9y ago
The law doesn't care whether the same justification exists. A bitcoin wallet in your house in US is not a foreign asset, since those bits (that representing private keys for bitcoin addresses) are physically in the US.
- krrrh 9y agoRight, the existing reporting law doesn’t pertain to assets stored decentralized “institutions” only foreign ones. Presumably that is why they are talking about changing the law.
- em3rgent0rdr 9y agoRight. Exactly. They'll have to change the law so that it does care about personal bitcoin wallets.