Topic: Could there be a law on stolen bitcoins? - page 4. (Read 6687 times)
Yes it is possible and it will be if the governments approve bitcoin as a legal currency for their state and they create some laws for the regulation of bitcoin and that will be regulated in the country for the usage of bitcoin and it is definite that in that law stealing will be forbidden as it is just like other currencies so they will have a law on stolen bitcoins.
I think that Bitcoins can be considered has private property and as so they should be considered by the same laws that rule property. However in the future there should be a specific ruling related to digital assets theft
You can refer to bitcoin as a cryptocurrency or as a product, so it's an good, if someone steal it, for sure this guy can go to jail.
The question here is how the law work because every country have their own law and most of them don't care too much about digital crimes.
The question here is how the law work because every country have their own law and most of them don't care too much about digital crimes.
Could there be a law on stolen bitcoins? What if there would be a law punishing those who steal bitcoins and those people behind scam sites? And if so, is it necessary to have such law? I'm just wondering, if there would be such law about stolen bitcoins, it could be a big relief to us bitcoin users. But then, there are so many questions and issues that goes with this ideal that makes me skeptical about it. 
Yes it could, but it would only apply to certain countries. Because I think not all the countries would agree to it, and some may just don't care about it.
And I believe that it's pretty necessary to have that kind of law, but the thing is I don't like if the government interfered with Bitcoin. Because Bitcoin shouldn't be governed by them.
Could there be a law on stolen bitcoins? What if there would be a law punishing those who steal bitcoins and those people behind scam sites? And if so, is it necessary to have such law? I'm just wondering, if there would be such law about stolen bitcoins, it could be a big relief to us bitcoin users. But then, there are so many questions and issues that goes with this ideal that makes me skeptical about it.
This issue differ from country to other, I think where Bitcoin is regulated, there will be a law to protect Bitcoin users, if you read Bitcoin news, you should be heard about the scammer arrested by Dubai police in UAE. https://www.cryptocoinsnews.com/dubai-police-arrest-alleged-bitcoin-scammer-siphoned-100000-off-victims/
I too filed a case when my bitcoins were stolen but nothing was done as bitcoins are not considered legal. If there is a huge amount involved, there can be chances of such scammers being arrested else the chances are very less. It's mainly the persons who trade in bitcoins who suffer in the end while scammers easily escape.
actually as bitcoin is still not a legal currency therefore there is still no law for stolen bitcoin. but i am hopeful that when bitcoin will become a legal currency then there will certainly be a law for stolen bitcoin as we can see that in every state there is always law present for stealing some thing. Bitcoin doesn't have to be a legal currency. It's no surprise that when you steal something, that it is against the law. Bitcoin is money, so in that respect, you are stealing money. Not very difficult to realize, right? You'll either get to stay in a prison for a certain amount of time, or you'll get a heavy fine where you will also be forced to pay back the victim till the last satoshi.
I hope that satoshi can added a new feature like knowing the real place of thieves so that we can report it easily to NBI.
Could there be a law on stolen bitcoins? What if there would be a law punishing those who steal bitcoins and those people behind scam sites? And if so, is it necessary to have such law? I'm just wondering, if there would be such law about stolen bitcoins, it could be a big relief to us bitcoin users. But then, there are so many questions and issues that goes with this ideal that makes me skeptical about it.
Unless there will be some kind of regulations in cryptocurrency it won't really gets 100% acceptance from people, establishments and governments. Call someone irresponsible and reckless for losing cryptos either from wrong address, getting stolen, etc but it doesn't mean thieves and crooks get free passes.
I too filed a case when my bitcoins were stolen but nothing was done as bitcoins are not considered legal. If there is a huge amount involved, there can be chances of such scammers being arrested else the chances are very less. It's mainly the persons who trade in bitcoins who suffer in the end while scammers easily escape.
actually as bitcoin is still not a legal currency therefore there is still no law for stolen bitcoin. but i am hopeful that when bitcoin will become a legal currency then there will certainly be a law for stolen bitcoin as we can see that in every state there is always law present for stealing some thing. Bitcoin doesn't have to be a legal currency. It's no surprise that when you steal something, that it is against the law. Bitcoin is money, so in that respect, you are stealing money. Not very difficult to realize, right? You'll either get to stay in a prison for a certain amount of time, or you'll get a heavy fine where you will also be forced to pay back the victim till the last satoshi.
normally there is no law but what if tomorrow someone just popuped from somewhere and became a thieve catcher like plumbers in ben 10 cartoon series . i mean a special polic branch to punish the scammers and thieves in bitcoin network like we already have escrow system
I too filed a case when my bitcoins were stolen but nothing was done as bitcoins are not considered legal. If there is a huge amount involved, there can be chances of such scammers being arrested else the chances are very less. It's mainly the persons who trade in bitcoins who suffer in the end while scammers easily escape.
actually as bitcoin is still not a legal currency therefore there is still no law for stolen bitcoin. but i am hopeful that when bitcoin will become a legal currency then there will certainly be a law for stolen bitcoin as we can see that in every state there is always law present for stealing some thing. 
Bitcoin itself is illegal in some countries because it allows money laundering because there is no central agency to control the flow of money so who would come to make laws and bitcoin is almost anonymous so making will not work
I highly doubt stealing Bitcoins would be the same as stealing cash, at least in my country. Mainly because not many people know what it is, and cops won't do anything if they are told to "search" for someone with the address x.
The question is how law to control Bitcoin, a stuff that couldn't be controlled? Even the law claims your ownership of the stolen Bitcoin, you can't still rollback the blockchain to get your Bitcoin back.
I too filed a case when my bitcoins were stolen but nothing was done as bitcoins are not considered legal. If there is a huge amount involved, there can be chances of such scammers being arrested else the chances are very less. It's mainly the persons who trade in bitcoins who suffer in the end while scammers easily escape.
Can you post a redacted scan of the police report?
It would be interesting to see why nothing was done. How were you informed that nothing would be done?
I agree we should have law on bitcoin but it set by government and for now bitcoin not an authorized currency, so nothing to do with it.
Even we have the law, so hard to track down the thief since bitcoin transaction made anonymous and hard to proof that your bitcoin has been stolen if your wallet been hacked.
Even we have the law, so hard to track down the thief since bitcoin transaction made anonymous and hard to proof that your bitcoin has been stolen if your wallet been hacked.
Everywhere in this world, stealing is illegal even in bitcoin. They just don't respond to cases when it is bitcoin since it is not a legal currency just yet in the eye of the law. They will only pursue a bitcoin stealing case if it is very big like what happened in bitfinex. If it is little like what the ponzi schemes do, They won't even bother to pursue it in my opinion, they will just leave it be.
I think they are not looking if it is just a little amount. But with higher transactions they are really looking into it. Just like what happened with Gox and Bitfinex but still there should be some reward that is why they are going to take it seriously.
Could there be a law on stolen bitcoins? What if there would be a law punishing those who steal bitcoins and those people behind scam sites? And if so, is it necessary to have such law? I'm just wondering, if there would be such law about stolen bitcoins, it could be a big relief to us bitcoin users. But then, there are so many questions and issues that goes with this ideal that makes me skeptical about it.
If it is a website, there have been many instances where the website owner has been arrested for cheating users and there was a case on this forum too where details of those staff members were taken from theymos. There are less chances that such stolen bitcoins would be returned but yes, stealing is a crime whether is any currency. 
I too filed a case when my bitcoins were stolen but nothing was done as bitcoins are not considered legal. If there is a huge amount involved, there can be chances of such scammers being arrested else the chances are very less. It's mainly the persons who trade in bitcoins who suffer in the end while scammers easily escape.
Yes, there will be law on stolen bitcoin, if certain conditions are met and one of the conditions is that Bitcoin itself should be given its due place in law before talking about regulating its stealing because one cannot place something on nothing and until that is done, I guess stealing Bitcoin whether right or wrong is a matter of individual attitude to morality.
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