Topic: How can a goverment trace you have BTC? - page 29. (Read 4077 times)
In my own idea, the government knows and traces you if you have btc is by signing up in some online wallet address, here in our country we use coins.ph, upon signing up you will give your true identity with an id picture and selfie verification, in that case the goverment really knows you are in a btc.
If you did not transfer your private keys to the state, it seems to me no way of knowing.
Here in my country I think they will work with our two exchanges and the banks. The banks can track the funds to our exchanges and then when you sell off for some profit or just sell you get your funds in your bank account. At the end of the year you have to declare income and so they will find you.
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?
when u cash out that is when u have to be very careful .Most exchanges require ids and such when u cash out bitcoin .Maybe set up a bank account in a foreign county next time your on hoidays .When u what to cash out just tell the person to deposit into that bank account
Well they cannot trace it, so far there's no way to trace it that's why everyone loves bitcoins lol. Governments can try scaring you but fact is they cant do anything there's no way to catch you. However that said if you openly display your coins that can create a issue for you. So remember never tell people that you do trade in bitcoins for your own safety.
they cant. it's part of the anonimity of bitcoin. unless you reveal yourself, that the only way they would know
i don't think it is possible to be tracked. nobody can track you unless you reveal yourself
I think by the TX hash of your transaction, they will know you if they want so as for sure do not put you strong identity in public even basic identity and it will remain anonymous if no one can know your identity.
Bitcoin or any other cryptocurrencies are online, even wallets are. No one even the government would know about your account unless you reveal it. So it is better to take good care of your accounts to protect it
As bitcoin is a decentralize currency and the trading form is quite different, it seems like people who owns bitcoin are anonymous to the government, the only to track it down is through the currency platform, but unless the owner of coin provide their information, it is hard to track
This is not easy to track or trace but i believe some countries with high technology will be able to trace their citizens activities online...
Government does not have the capability or power enough to trace your account. If you read the terms and conditions it says that your btc is private that no one can check your balance aside from yourself. But if it is a national emergency where yoy used bitcoin to scam other people with huge amount then they can have some action like checking your activities.
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?
Bitcoin is decentralized, so that would mean that the government cannot trace the real identity of a bitcoin holder, I think it would be difficult to find out because our transactions are anonymous.
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 itnis between the exchanges you've been transacting with or even with the banks you've been selling your bitcoins with in order to take out some cash. But I don't think it is that easy to track anyone with just a bitcoin address, not unless you give them some personal information.
it seems very difficult to track the movement of bitcoin gan. because until now still no one can predict or track bitcoin prices except the creator of bitcoin applications.
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?
That's the good creation of bitcoin no one can determine the specific identity of the person who owned BTC. because when we create an account for holding BTC not all our information detailed was input there right? so we have no worry about this almost all nickname was used to all people during creation of new account so the authority did not traced us in case of that circumstances.
Bitcoin is not traced because its users can make it without giving their real name, so I do not think you can catch them how they know you have btc while BTC does not mention the name of the BTC owner.
make sure there are no local exchangers that require you to do KYC
the government could have tracked the existence of BTC owners through a crypto exchange company,
the rest, decentralized assets are difficult to track
the government could have tracked the existence of BTC owners through a crypto exchange company,
the rest, decentralized assets are difficult to track
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 such thing that they can trace you for using your bitcoin because the blockchain created to to make a transparwncy in transaction but hiding your identity annonimously at the same time. Unless they will conduct an investigation about you or compiscating your computer or your device that used in bitcoin transaction. 
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 some snooping at you and reported you then your government will know it, so protect who you are with when doing a trade, it is also important that you use VPN so they cannot trace your ip and you can trade on exchange, if your government is hard on cryptocurrency, being careful and where you are surfing is very important.
Jump to: