Topic: How can a goverment trace you have BTC? - page 36. (Read 4099 times)
The government has no way to track your BTC usage because no one in this world has ever known whether or not you own it. Unless you decide to show off your identity.
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 when you start using a local exchanger to convert your BTC to Fiat thats the time you expose yourself as a Bitcoin user but as far as the Government can trace your whereabouts to make an arrest they need to dig deeper on your personal information so they can start looking for you. In my country a local BTC Exchanger needs to be registered in the Central Bank. If you plan to create an account to a local BTC Exchanger, you need to provide a government issued ID. Some Banks in our country will ask the source of funds, meaning, where do we get the money that we will deposit, if we say coming from Bitcoin trading, there's a chance that they will not allow you to open an 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?
They can discover your bitcoin if they look the data of your exchange. Usually exchanges require KYC and you must submit your identity.
The exchange will have your information, and could give it to them if it legally require by them. Your exchange address will have a record to your personal address if you used it to do transactions.
Since bitcoin is anonymous the government can hardly trace your bitcoin but once you have been traced, I am no good at this but If they can either trace you through your ISP, and trace your activities, then that is where I think they can know you are holding in bitcoins and if it is illegal in your country then you'll get arrested, though I am not quite sure, correct me if I'm wrong.
The government can't track you unless you are using an exchange with KYC required. If you able to buy and sell your crypto using local buyers and sellers then there is no way to get hunted.
yes its true that it only happen if the exchange have the KYC for all costumer and the government use that for see who is the holder of bitcoin, buy unfortunately if the country banned bitcoin in that country I think it will banned all exchanger that already exists in that country too right?
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 a decentralised currency that government can hardly trace it .You must keep safe your bitcoin into a Very safe wallet that no one can trace it. You must be careful of opening some of the Links in your gadgets that can leads of tracking you. Some people just move to other Bitcoin friendly countries just to monitor their bitcoin or even exchanging it into cash that nobody Will questioning your identity.
From what I comprehend, the legislature will have the capacity to follow the exchange with BTC that you made when you cashout it on an installment handling foundation/organization in your nation. They'll have the capacity to do that on the grounds that a large portion of these organizations expect you to give KYC records before letting you cashout your cash from them. This will be the main thing that I can consider where they'll have the capacity to interface your name to any BTC exchange.
the bitcoin is very easy to track simply look for your ip associated with your wallet I read an article where they said that they already have identified the owners of bitcoin
It all depends on how careful you have been. For example, ever registered with exchanges, linked addresses for on there, provided proof of who you are, ever done kyc for airdrops, bounties etc
it may be difficult for Government to trace you but with time,there may be a way out if not the banning will be useless
The whole concept of bitcoin is focusing on decentralization, meaning there is no middle men to record your identity in your transactions, bitcoin provides anonymity of each users, cracking it down is very impossible. The possible way for them to know is if you use a local wallet to transfer or transact money within your country. If you withdraw using that wallet or withdraw using banks and local establishments, that would be the time government can trace you. The best way, I think to keep your Bitcoin from the government is do not advertise your Bitcoin.
The government can track your bitcoin through data provided by bitcoin exchanges. In addition, if the government threatens exchangers that if they do not provide clear data on the list of exchanged bitcoin users, the government will revoke the business license for exchangers.
to know that you are usig bitcoin a government have to seach specifically about you.
If you are a target you have to be very careful because they will probably find you. They have numerous ways to know if you are using bitcoin:
ISP traffic anlysis, asking exchanges, monitoring social media(forum, chat, email ..... ), hacking your devices, tracking cookies, and so on.
If you are not a target will be very hard to find you because the amount of data to analyze is very very big.
If you are a target, probably they already know about you and sometime the only solution is to simulate your death and start with a new, clean, identity. :-P
the best solution is to not become a target.
If you are not a target, you should keep your profile low, and hide yoursfelf to not become a target. The problems is that when you start to hide your identity you will probably become a target, so you have to be very very very careful.
If you are a target you have to be very careful because they will probably find you. They have numerous ways to know if you are using bitcoin:
ISP traffic anlysis, asking exchanges, monitoring social media(forum, chat, email ..... ), hacking your devices, tracking cookies, and so on.
If you are not a target will be very hard to find you because the amount of data to analyze is very very big.
If you are a target, probably they already know about you and sometime the only solution is to simulate your death and start with a new, clean, identity. :-P
the best solution is to not become a target.
If you are not a target, you should keep your profile low, and hide yoursfelf to not become a target. The problems is that when you start to hide your identity you will probably become a target, so you have to be very very very careful.
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 think it will be traceable, because your bitcoin address is not listed in your data. so it's very hard to find who is the owner of bitcoin. because bitcoin has an anonymous nature 
Bitcoin transactions and identity are all anonymous. The government can trace you if you use a local wallet to transfer or transact money within the local sovereignity. If you withdraw using that wallet or withdraw using banks and local establishments, that ould be the time government can trace you.
in the United States they track those who do not pay taxes. and are not tracked technically; technically you can track transactions, and there may be a moment that your story will become public for everyone. from this it follows that bitcoin is not anonymous, but pseudo-anonymous. but in general, encryption technology allows you to safely use bitcoins.
Good question I think, because any single transaction in bitcoin was anonymous and your account also need to be anonymous, but I think the only way they need to do that you are bitcoiners is when you withdraw with the local exchange which is need your bank account to do the transaction, so they will track your bank account to arrest 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?
I think the government can do, and that's the way I'm not sure yet, because there are many options which can be followed and even you can't protect yourself, you can certainly try skritt that either.
The government can't track you unless you are using an exchange with KYC required. If you able to buy and sell your crypto using local buyers and sellers then there is no way to get hunted.
It is not possible for the your government to detect if you have Bitcoin. This is because the transactions on the Blockchain cannot be intercepted by any other person or unit. However the only way is for the government to spy on its citizens for the websites or web portals that they normally visit.
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