How can a goverment trace you have BTC? - page 24.

Supremacy2

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Quote from: fernandoaleixo on May 14, 2018, 04:05:17 PM

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?

Government can't know if you have Bitcoin or not because your details are not reveals to anyone. This is one of the reason many government of different countries are against it.

gokudera

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Quote from: fernandoaleixo on May 14, 2018, 04:05:17 PM

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 do not know how can a government trace you have bitcoin because in making an account here there is no verification needed you just need a google account. They said that use an untraceble coins so that they did not know if you have it or not.

raske

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use untraceble coins, dont use BTC
this is the only way not to be traced

Cool

nikki4

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Well, I don't think that the government will be able to trace that Bitcoin users. Because we all know and aware that Bitcoin is a decentralized crypto currency that the government has no control over it and it is also have an anonymous transaction. So, there is a high guarantee that the govenrnment cannot trace all of us Bitcoin users.

zhabuxxs

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just calm down .. if you just have bitcoin assets .lost will not be in criminal even if your state rules prohibit the existence of bitcoin tersebut.karena rule of government ban only applies to real buying and selling transactions conducted in that country.

maculeth

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BountyMarketCap

very difficult, because all involved in bitcoin be it buyer or seller, their account is anonymus and it is not known who did it. it is impossible also the government will check our pc one by one and check the wallet that is on our pc.

apilpirman.bisnis

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My country needed for upload our identity to exchange bitcoin to bank account, there are government will know which one their people have many bitcoin or not. But my country still not allowed for bitcoin transaction payment, every exchange market needed for upload our identity card and government can take work with exchange market to know which one their people have many bitcoin or not. Many way they can know about bitcoin transaction but government still banned bitcoin.

popelene1

newbie

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its possible government to trace that when you have accounts with exchange you have done kyc with, with that they can trace you documents provided to the exchange..

abiola4real

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It will never be easy for government to tace you have bitcoin' because its decentralized and that's one of the purpose it was created, to be anonymous...

jeffer8035

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Normally it is not easy the only thing that you do a follow-up and you get caught of course you will not give your key privadad would not know how many portfolios you have and while you keep pseudonyms in some social networks security in the mails do not keep much time in your bank accounts and having known of comfianza you will not have problems you can make backups and transladarte to the country that you want with the bitcoin that you have also depends on what you do if you are a miner you can be pursued is for the electric consumption

Shadovka

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Quote from: fernandoaleixo on May 14, 2018, 04:05:17 PM

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 don't think it is possible unless forms like KYC which include your details is sumitted to the authorities, then from there they are able to know which wallet if yours or through a manual check on bounty participants.

genuin

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you will not be arrested but you are prohibited from using bitcoin in venezuela.
if any have bitcoin then there is no problem as long as you do not use bitcoin in your country.
Hopefully what I say can be understood by you

classictee

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https://eloncity.io/

It will only be easy for them to trace you have btc when someone make use of centralized exchange that is compliance with AML because through that the government can contact exchange to get some one details...

Bruce1614

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Bitcoin exchanges are unknown and they are for all intents and purposes untraceable. That is the reason in my nation the main thing that can give you a chance to be resolved you are a digital money client is that on the off chance that you just glaringly say that you have tinkered with them notwithstanding for only a smidgen as the comprehension would consequently be that you are in bitcoin undeniably more and every one of the assets in the bank are related and are being utilized to it which I think can be circumvent.

megaradux

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Quote from: fernandoaleixo on May 14, 2018, 04:05:17 PM

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?

Many exchanges need you to have a phone number or even a valid national id in order to have an account. Goverments can use that to trace you down if you cash out withouting paying taxes.

Sofiyah

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If there is an exchanger in your country, that's where the goverment can track anyone who has bitcoin. but if there is no exchanger, I think the goverment will be difficult to trace. because of the exchanger, goverment can know the data of anyone who uses bitcoin or crypto. if your goverment knows you're using bitcoin, your bitcoin will be burn or what?

irsykes

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Seabet.io | Crypto-Casino

Quote from: fernandoaleixo on May 14, 2018, 04:05:17 PM

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?

if you do KYC in some exchanger i think it is easy to gov trace you, because exchanger may can give law enforcer if they legalize ask about user's data and it can be do with government easily

Delinquency

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I think they can find you easily. Yes bitcoin is decentralized system but we mostly don't use it that way. I use a local exchange to buy bitcoin. And they want to know all my information to secure themselves from law. So if government track my money transfers to exchange and force the exchange to give my info them, exchange do that. Congratulations, you're busted Wink

If you dont want to that happen you should buy bitcoin unregistered way.

whoisyourking

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Quote from: fernandoaleixo on May 14, 2018, 04:05:17 PM

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?

There is no way your government will discover that you own a bitcoin unless they will conduct an individual investigation about you, so the safest way here is dont use bitcoin if you know that there is an investigation against you. Bitcoin is no use or not convertable to fiat in a country like yours.

yayat

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Bitcoin ownership can not be checked by anyone as long as you keep it a secret. If only you Corruption and money transferred to Bitcoin, then the government can not see where your Bitcoin is, because you own the Private Key.

unless later the government makes an order to you to open a private key that you can open yourself and see your money there already in the form of Bitcoin. but I harp you do not Corruption because it is just a parable only and as an example.

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