Topic: How can a goverment trace you have BTC? - page 2. (Read 4077 times)
I dont believe that government will give importance in tracing someone using BITCOIN. Why? using BITCOIN is not actually required your complete identity which is requiring your BIRTH CERTIFICATE so you can register using dummy names, the important in having bitcoin wallet is when you buying using your fiat currency to Bitcoin digital currency so government have not interested in it. The goverment only focus on their economy to improve and protect it from any unregulated currency which cryptocurrecy is also present, the bitcoin is highly used for future improvement in dealing with money. Newly advance technology evolving in our generation today is the ICO'S.
It's easy to trace Bitcoins considering the entire thing works on the completely open and visible Blockchain lol
It is what bitcoin does it is probably the easiest way to track moving currency
It is what bitcoin does it is probably the easiest way to track moving currency
From what I understand, the government will be able to trace the transaction with BTC that you made when you cashout it on a payment processing establishment/company in your country. They'll be able to do that because most of these companies require you to provide KYC documents before letting you cashout your money from them. This will be the only thing that I can think of where they'll be able to link your name to any BTC transaction.
This one I agreed so much, we cannot trace by the government as long as your not giving any KYC. But once you convert your bitcoin and transfer it in the exchange where it is registered under by SEC for sure there is a possibility to track if you have Bitcoin balance thru getting your KYC just simple as that.
As other commenters have said, if you can be associated with an address (btc address) you can be associated with any transactions to that address.
I think it can be traceable by your internet service provider and government can do track your browsing history. Also if you have signup in a exchange site with your real identity or to buy bitcoin with your credit card you are easily to get caught with this.
Yeah in the first place. I really can't fathom it how can they trace how much crypto do we have when bitcoins can be anonymous not unless you have the public address, but of course address could be unlimited.
I think that you can track only if we went KYC and registered your wallet in a public place but if you do not provide your data and use the exchange without verification you will not notice.
How can the government discover I own BTC, let's say I'm from Venezuela where crypto is banned, what they can do to discover and arrest me?
I guess you're safe and sound until and unless you let them know your identity. I know in some countries you can change BTC to fiat outside an exchange through a trusted person in person (offline) and then your identity is only known to that trusted person
Yes, it is easy to do this, for example, through your Internet provider to track what you are doing and everything on this, everything depends on whether they want to do something or not, I had the same problem with my friend, he just made money on cryptocurrency and in one day government called him and said that we saw your inquiries about the cryptocurrency and so on, he turned away somehow, now they dont call him, so that anyone can calculate anyone, everything depends on whether it is forbidden in your country to work with cryptocurrency or not.
You shouldn't trade and sell coins by disclosing personal information. The government won't be able to find you anywhere.
When using bitcoin, no one can know your identity. But you shouldn't disclose identity and trade bitcoin exchanges with strangers.
Although bitcoin transactions are anonymous, at present almost every exchange market requires us to verify the identity we have so that the bitcoin we have can be converted to the local currency we use. therefore the government can easily track us via ip and find out our identity
Bitcoin transactions are anonymous, so it's safe. But when bitcoin wants to be converted into fiat money, an identity is needed for administration. This is where the government can implement policies such as collecting taxes. So the bitcoin transaction itself won't be tracked by the government as long as you don't cash into fiat currency. 
How can the government discover I own BTC, let's say I'm from Venezuela where crypto is banned, what they can do to discover and arrest me?
to track directly I don't think the government can track the transaction process in my opinion, if the government forbids, of course there is a very strong reason, I am sure that in the future there will be no prohibition that will occur along with the times
Though you might not be able to trace the person, there are companies that you can hire to do this and the government definitely can.
They can look your conections via internet provider. If your favorite sites is the crypto related sites - you are crypto enthusiast or crypto speculator what more worser )
User decentralized internet if there available that or secure your connections via vpn
User decentralized internet if there available that or secure your connections via vpn
Bitcoin is anonymity and decentralization. I think it is really hard for government to trace but nothing is impossible. As long as you be careful with your IP address
How can the government discover I own BTC, let's say I'm from Venezuela where crypto is banned, what they can do to discover and arrest me?
Impossible, even they know the address, they cannot know unless you have some proof that you are the owner of that bitcoin address.
Thats why some exchanges required to submit your KYC when you want to withdraw more than a certain amount per day, so they know who you are.
I guess they can't trace you if you have bitcoin or any cryptos not unless if you show it to them. How can a government trace you for your crypto assets if they don't even know your btc address and if they do, they don't know who owns that address too.
They cannot trace it unless you convert your Bitcoin into fiat money. Since transactions in Bitcoin can only be seen but cannot determine the identity of the person using it, the government cannot trace your asset. But once you convert your Bitcoin to fiat, then that's the time they can trace you. Because every transactions in fiat are recorded and identified.
As smart or genius as Satoshi Nakamoto is/was, there are many others who are even smarter. And we can find most of them in the government. So we'd think, there's no way the government could trace me through the block chain. We'll, does CIA and FBI ring any bell? People behind these agencies are freakin smart! So let's not think even a bit that the government won't find a way to track us down when we become interesting for them.
Jump to: