US to criminalize undeclared cash, bitcoin, gift cards, prepaid phones

“Have too much cash? You’d better tell the government.  If not, they’re authorizing themselves in this bill to seize not just the money you didn’t report, but ALL of your assets and bank accounts.  They even go so far as to specifically name ‘safety deposit boxes’ among the various assets that they can seize if you don’t fill out the form.”

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