Topic: How can a goverment trace you have BTC? - page 25. (Read 4077 times)
In my opinion, the government cannot know if you have Bitcoin. It is not possible for them to trace your Bitcoin as your name is not included in your Bitcoin wallet address. The only way they may know you participate in Bitcoin is if you have a local exchange you registered with that you may have provided your personal details including your bank account details. Else, you can have Bitcoin and remain anonymous in your country and deal or trade only with international exchanges. Very safe to do that way.
Bitcoin, the Internet currency beloved by computer scientists, libertarians, and criminals, is no longer invulnerable. Although bitcoin designed to protect privacy. It nonetheless generates abundant public data. Investigators try to connect the transactions publicly recorded in the bitcoin blockchain but they didn't connect.
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?
It is so hard to get caught if you will not tell it to anyone or to the government officials. Or if there is no one who will trace your personal information. 
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?
You would not get caught if you do not let someone caught you. It is as simple as you feeding an enemy, as long as you do not reveal your true identity the government will not know that you exist in this world. Even though they will going to use hackers to know your identity, as long as you did not put your real identity they will not know who the owner of the address is. 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 think government can not identify owner bitcoin wallet. But government knowing your bitcoin transaction on exchange. Right now, many exchanger asking KYC for their customer and thats makes government knowing your transaction
Actually its impossible to track whether anyone is having Btc or not. Even if they got the address to check the btc balance, the owner is still incognito. As of now, there is no kyc system that can track if anyone has btc and the owner respectively.
I agree with you. Even bitcoin is in virtual world and there are too many hackers in ine country; I do not think they will be able to know if one person is having a bitcoin.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?
With bitcoin, your transactions can be trace but identifying the person making that transactions can't be possible. The anonymity of bitcoin makes it difficult to discover the owner of the bitcoin. Actually its impossible to track whether anyone is having Btc or not. Even if they got the address to check the btc balance, the owner is still incognito. As of now, there is no kyc system that can track if anyone has btc and the owner respectively.
I agree with you. Even bitcoin is in virtual world and there are too many hackers in ine country; I do not think they will be able to know if one person is having a bitcoin.
Actually its impossible to track whether anyone is having Btc or not. Even if they got the address to check the btc balance, the owner is still incognito. As of now, there is no kyc system that can track if anyone has btc and the owner respectively.
Actually its impossible to track whether anyone is having Btc or not. Even if they got the address to check the btc balance, the owner is still incognito. As of now, there is no kyc system that can track if anyone has btc and the owner respectively.
Since bitcoin is done in a peer-to-peer network, I think no one knows if you have BTC's in your wallet.Not unless you yourself or a closed friend or anyone from your family who knows that you have it will reveal it to the government.Or maybe when you do a KYC(Know Your Costumer) policy when doing transactions like buying or selling of coins in the market.
Government wont be able to know that you have a bitcoin in any of your wallet since bitcoins gives its users and anonymous transactions. These anonymity is really useful since it enables us to escape from the taxes that is given by government but is also being abused by some and use it in illegal ways. Tracking anything from bitcoin would be really hard not only for the government but also to the people.
From what I have known, there is only one way for a government to trace your bitcoin. It is when you have a transaction which have the use of bitcoin and then you cash it out on a payment processing. It requires KYC documents before they let you cash it out, but they would never hack you wallet or something because it is forbidden. Other than this, there are no ways left because of the decentralization of bitcoin.
It won't be easy but let's say in the course of you trading bitcoin or any other coin in one of the exchanges you left your identity there, they can use your wallet address and trace it to the exchange and most of them are still centralised.
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 say that operations with cryptocurrency are prohibited in your country, then you will exclude all these operations. Do not buy or sell through credit or debit cards bitcoin or cryptocurrency. Use electronic money, such as Perfect money or other payment systems. I think my thought you understood.
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 government and state prohibit and give firm sanctions against bitcoin users of course the government will be easy to track down the core bitcoin users if the government prohibits of course we can not do anything to invest
BTC platform is anonymous but they can find you on exchanges and different projects where KYC is needed. So you should be careful and use your BTC on necessary platforms
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 go to countries that do not allow Bitcoins, you are better off telling anyone that you own Bitcoins. The government will not know that you own Bitcoin and they will not be able to penalize you
I think it's very difficult. to track the bitcoin price and the person who stole the bitcoin from the bitcoiners wallet. therefore in Indonesia if there is a loss and so forth can not report to the authorities (police)
Unless you are buying your Bitcoins from a regulated exchange which requires verification documents I think you are pretty safe from the government finding out that you own Bitcoins. You just have to purchase your Bitcoins using cash to stay anonymous from websites like LocalBitcoins.
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