131–140 of 802 posts
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You can enter the US carrying as much money as you’d like. Can’t speak for Canada.
Yes but no. Yes you can enter carrying as much cash, but no you cannot freely enter with over $10k in cash, they need to be reporter to the US Custom and Border Protection before entering the country https://help.cbp.gov/s/article/Article-195?language=en_US
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> Remember: A trader in the EU is not obligated to accept more than 50 metal coins for the same payment. I shall try and remember that.
Interesting. That's max 100EUR in coins And I'm glad coins are more popular in Europe than in the US because those $1 notes take too much space
$1 coins have flopped whenever they've been tried in more or less living memory in the US.
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Earlier quoted context omitted.
> Remember: A trader in the EU is not obligated to accept more than 50 metal coins for the same payment. I shall try and remember that.
Interesting. That's max 100EUR in coins And I'm glad coins are more popular in Europe than in the US because those $1 notes take too much space
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> Why would someone need to pay for 10k in cash? For their own personal reasons. Purchasing a business, a vehicle, a property or other real/tangible asset, hush money, avoiding a lawsuit, and so forth. > Where does that cash come from? It doesn't matter. Why do you care where people get their currency from? Do you have a rash of mint or bank robberies or something?
> Purchasing a business, a vehicle, a property These purchases are already so bound up with red tape that making the actual payment via bank transfer is hardly an inconvenience. > hush money Extortion is a crime. You are listing a person’s attempt to placate a criminal as a reason the state shouldn’t get involved? > avoiding a lawsuit Few places are so litigious as the USA, and such concerns hardly register for the p…
That's a separate problem that allowing overeager regulation of currency utilization enables.
> Extortion is a crime. You are listing a person’s attempt to placate a criminal as a reason the state shouldn’t get involved?
Correct, extortion is a crime in some locales. Note, I said hush money, not extortion.
> Few places are so litigious as the USA, and such concerns hardly register for the people living in the subject of this HN post.
Few as litigious as the USA _so far_.
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A better set of questions here: who benefits, and by how much, with regulating currency so tightly?
If the endgame is to ban cash, what would be the back up plan for in case of war, solar flare* or other natural disaster? *electromagnetic pulse destroy electronic devices (no ATMs, card readers)
There are many similar restrictions on other countries. Here is a list for Europe: https://www.europe-consommateurs.eu/en/shopping-internet/cas... The equivalent of 3,000 - 4,000 Euro seems to be the norm.
Nice to see that there's no limit where I live which is Norway. Hopefully, there are no plans to introduce one.
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What happens if you declare it? Could they confiscate it without due process, like the police can in many states?
If you don't declare it, it's guaranteed to be confiscated until you prove a legitimate purpose for the > $10,000. Federal authorities generally have a higher standard of behavior than local or state police, although obviously not in every instance. If you try to cross the border with $500,000 declared, they may have some questions for you.
The point being that in cases where there is no funny business (at least in your opinion), you are strictly better off declaring it than taking your chances on not doing so.