Topic: Could there be a law on stolen bitcoins? - page 8. (Read 6673 times)
Stealing is a crime on all country in the world. There are no country thay has no anti theft law. But it is hard find the suspect that stole your bitcoin cause it is fully anonymously used. It depends if the suspect is a person you know and he stole your private key. And you have evidence to make your accusation powerful
Maybe in the future there can be a law on it but right now there will be no law on it and its also difficult because a lot of of countries than need to work worldwide with each other too.
I think its very hard to bring law for this because we cannot recognize thief who is this and where from if we can do then theft is illegal in all over world and the can go in prison for this without any problem but its need some good and hard work to recognize this all 
aren't bitcoin that are stolen, tainted(or what was the correct term) and they also lose value, because they are sold at different rate on the market, and they are in this way the primarily cause of the no-good fungibility of bitcoin?
Maybe in the future there can be a law on it but right now there will be no law on it and its also difficult because a lot of of countries than need to work worldwide with each other too.
There is a law on stolen bitcoins. We do have theft and cybercrime law for that and I think most countries have those laws. The main problem that you'll have is the proof that he actually stole your bitcoin and that he is actually the one that stole your coins. I've seen people on the news getting in jail because they scam someone online so I think it's also possible to do when the theft happens in bitcoins.
Different countires have different laws against theft.
So technically spoken there is a law aginst stealing btc.
The question is which one to use. The law of the country where the thief is, or the one where the victim lives.
Of course that would all imply to catch the thief, and that is not going to happen in most cases.
If you would want a global law agains bitcoin theft, I think we would have to create a world government first.
So technically spoken there is a law aginst stealing btc.
The question is which one to use. The law of the country where the thief is, or the one where the victim lives.
Of course that would all imply to catch the thief, and that is not going to happen in most cases.
If you would want a global law agains bitcoin theft, I think we would have to create a world government first.
i really wish there are this kind of this law, so the scammers will learned their lesson, but it won't happen, how can we track the scammer or the thief if all of the identity is hidden, and based of what kind of law that a theft or bitcoin criminal can be sentenced? I think it's too complicated to becoming true eventhough deep inside i wish it could happen
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. 
You can create as many laws as you want, but at the end of the day, the protocol doesn't care.... if someone gets away with it, that's it, it's the end of your bitcoins, and the thefts will never be caught. This does not mean that there shouldn't be laws, there should be laws and people like Karpeles are to be held responsible for the scams, but some people will get away with it since they will never be caught.
That's like asking if there are laws against sending unsolicited spam emails. Yes. There are lots of different laws in lots of different countries. But in terms of having some law on the Blockchain somehow (or whatever your idea is) it's not going to happen.
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.
I don't tink that it would happen since there's no one controll bitcoin, however if there a law to protect us from thief bitcoin must be centralized maybe by the goverment. as long as bitcoin is decentralized Its your own responsibility to keep your bitcoin safe. Though holding bitcoin and transaction with them is illegal in my country thus there's no one help you when you lose your bitcoin.
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.
It is never yet implemented and we have not read any case involving Bitcoin theft,the country that will implement this,should have a complete knowledge on how bitcoin works and that country is actually using bitcoin as one of their currency,I doubt if this will happen.
It would be good if there would be similar laws but bitcoin is out from this thing and that's the main reason why people are using bitcoin for illegal activities. There is always law to catch thief but reality about bitcoin is different, it's nearly impossible to catch thief. Think about facts which happend this summer, hashocean stole huge amount of bitcoins, bitfinex was hacked and also huge amount of bitcoin was stolen from them, what happened? There is nothing news about thiefs, they stole money and they live whatever they want.
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Interesting topic.
Well at the beginning bitcoin designed decentralized which it's not covered by government and law. This is impossible to reporting to cybercrime police if your coin stolen, instead it can be a boomerang if your country doesn't allow bitcoin activity.
But the question is how there's country who make it legal for bitcoin so, we can report it to the police if we got stolen our bitcoin?
well if you're living in a region which already regulate bitcoin,i guess there must be such a rule thatprotect bitcoin users against criminality,and especially if government already taxed those bitcoin users,then protection for a bitcoin users is a must and it could be considered as using usual currency so normal law will be used Well at the beginning bitcoin designed decentralized which it's not covered by government and law. This is impossible to reporting to cybercrime police if your coin stolen, instead it can be a boomerang if your country doesn't allow bitcoin activity.
But the question is how there's country who make it legal for bitcoin so, we can report it to the police if we got stolen our bitcoin?
sadly this depends on the country that you live in!
this may sound a bit strange but it is true, in some countries they may even tell you that you shouldn't have used bitcoin in first place and prosecute yourself because of using bitcoin in first place.
this may sound a bit strange but it is true, in some countries they may even tell you that you shouldn't have used bitcoin in first place and prosecute yourself because of using bitcoin in first place.
Well it wll be nice if our government allows us to report to some authorized persons if our bitcoins are stolen. But the thing is bitcoin is anonymous it will be hard to track someone plus the government doesn't even recognized bitcoin, and in some countries bitcoins are even banned. There are many hurdles to overcome before something like this happens.
In some cases this happens when some huge amount of btcs are stolen. I have seen/read some articles in thr past like that.
In some cases this happens when some huge amount of btcs are stolen. I have seen/read some articles in thr past like that.
Laws already exist in majority of the countries for stealing of money or something equivalent to money. Do you remember the time when the dirty cops stole Bitcoins from the Silk Road case? They were caught and made to pay for it. Even last month a 34 year old hacker Michael Richo was caught for stealing Bitcoins by phishing users and they did recover a large sum of money accounted upto 6 figures. So, infact if you've ever been stolen from make sure you have enough security measures and monitoring tools installed before hand on where you have your Bitcoins so that it becomes easier for the cops to help you track them.
Interesting topic.
Well at the beginning bitcoin designed decentralized which it's not covered by government and law. This is impossible to reporting to cybercrime police if your coin stolen, instead it can be a boomerang if your country doesn't allow bitcoin activity.
But the question is how there's country who make it legal for bitcoin so, we can report it to the police if we got stolen our bitcoin?
Well at the beginning bitcoin designed decentralized which it's not covered by government and law. This is impossible to reporting to cybercrime police if your coin stolen, instead it can be a boomerang if your country doesn't allow bitcoin activity.
But the question is how there's country who make it legal for bitcoin so, we can report it to the police if we got stolen our bitcoin?
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.
Stolen bitcoins might have a law? sadly no but the thing there is that stealing something to whatever it is, will always be considered as a disobeying law which only means that it is punishable by law. The only problem if bitcoin was being involved it is really hard to trace that certain person who stole your bitcoin(which is a property).
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.
Imposing and making law on that would be possible but the question is they would really have a hard time to trace those thiefs for sure because of bitcoins anonymity and also making law with this seems impossible because bitcoin isnt regulated at all therefore not all countries would really consider this thats why scammers out there are hard to find because there are no laws who haunts them down.
Already bitcoin is decentralized, so initiation of such laws into stolen bitcoin issues is really not possible. What most users quoted is a different scenario with silk road probe. Its our own responsibility to keep our bitcoin much safer.
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