Topic: How can a goverment trace you have BTC? - page 20. (Read 4077 times)
I do not think government trace your BTC because you can invest in other countries.
I think they couldnt trace you if they want,because bitcoin is so secured that`s why there are some criminal that using bitcoin as a payment method of what they are doing.
Government can track you through ip address, through exchanger which requires KYC. Bitcoin transactions are anonymous until you disclose your identity.
If you kyc'd your account on any centralized exchange, bought Bitcoin there and sent it to your personal Bitcoin address then they can trace it. That's why it is recommended to use different addresses for Bitcoin transactions (or for crypto in general).
Its very easy to trace the btc someone hold when the government contact the exchange that use AML for the information of its citizens but if the person only use decentralized exchange, it wont be easy to trace..
Isn't Bitcoin transactions anonymous right? Well, they can't easily track you if you're careful to by using your account.
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?
Govermens can trace if you have own bitcoin by creating online wallet like coin base and others itt depends on your country because in our country coins.ph can trac that you have btc because before you cash our goverments or banks need your verification and others.
if we use bitcoin try not to use the original identity, because with it we can be easily tracked by the government, we should use a false identity or initials, with the government will be difficult in tracking our identity ..
i :Df we use bitcoin try not to use the original identity, because with it we can be easily tracked by the government, we should use a false identity or initials, with the government will be difficult in tracking our identity ..
Can not hide when trading or buying they will know
The anonymous structure of the blockchain makes it extremely hard for this digital assets to be linked directly to its owners offline.
So there's no known measures in place to trace bitcoin owners.
The exchange kyc is not effective in that regard.
So there's no known measures in place to trace bitcoin owners.
The exchange kyc is not effective in that regard.
I think the government can not figure it out unless you say aloud that you are the owner or Bitcoin seeker and I think the government can not really track you unless you use a Bitcoin purse that requires an ID to use during registration or save your crypto currency
Having gone through all the messages and suggestions, I can summarize it by saying;
Government can only trace you if you registered on any platform or exchanges with your KYC.
Government can only trace you if you registered on any platform or exchanges with your KYC.
The government can't track you, you're anonymous when you use bitcoin. They can only know you have btc but your identity will remain as anonymous.
After reading some replies on this topic, it seems that there is some misconception among people that Bitcoin is completely anonymous. However, that's not the fact and the government can track the source of the transaction with reverse engineering method. It is proved again and again,
* Woman busted sending thousands in bitcoin to ISIS.
* Woman busted sending thousands in bitcoin to ISIS.
This issue is one of the reasons why cryptocurrency is yet to be generally accepted.
There's no measure in place to link cryptocurrency to its owner offchain.
I think if the kyc in exchanges and wallets are improved on , linking one to his/her cryptocurrenc will be a walk over.
There's no measure in place to link cryptocurrency to its owner offchain.
I think if the kyc in exchanges and wallets are improved on , linking one to his/her cryptocurrenc will be a walk over.
I think government can trace that you have bitcoin through KYC that implemented now by most of the exchange. Bitcoin transaction is anonymous but if you reveal your identity like doing kyc,they have a way to trace your bitcoin.
Well right now coinbase are required to report yearly to the government.
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?
Usually it's easy to track cryptocurrency transaction but hard to relate that transaction to a specific person. They need a starting point connected to you, such as a exchange that has your personal info. If you only buy and sell cryptos than it's almost impossible to prove you own a wallet. 
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?
The government can track you through Exchange that forces you to do KYC.Each country has different regulations on Bitcoin.
Example: Bitcoin ban in Indonesia: Bitcoin in Indonesia is prohibited to be used as a substitute for the country's currency. Please note that Prohibition against Bitcoin applies only if you use it to buy or pay for something in a store or supermarket.
So there is no prohibition for you to buy and have Bitcoin, because Bitcoin is global and personal.
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