Topic: How can a goverment trace you have BTC? - page 38. (Read 4077 times)
Well, sometimes the user of the Bitcoin public address declares their name along with the public address. Identity can also be traced if you are using a private wifi connection. Here we generally give our proof of ID, through which our identities can be matched against our IP.
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 if the government prohibits of course the government has prepared everything related to bitcoin, the possibility of government will use or develop technology with more sophisticated 
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?
Most people are correct in saying that buying from an exchange basically doxxes you and your addresses known to that point. What many people won't talk about is if you even deal with somebody who has used an exchange and is linked to that, then you could also be linked. Example: I buy a $10 account from JoeBob here in the market. The conversation we have on the forum is public for anybody to see, and also the times we say "Thanks I got the account" in PM's or even on the public forum. JoeBob used an exchange, so they can trace that back to my address being used at the time of the PM's/forum posts to show that my address was the one that JoeBob received money from. Understand? Now imagine that on an even larger scale involving automation.
Well may be the government track your bitcoin because of your wallet. We all know that in order to verified our wallet we need to submit some information about our self, so in that way the government will easily track people who are holding bitcoin in their 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?
I don't know how our government trace if we have bitcoin because there's no identification in bitcoin. Other said that is possibly known when they saw the transaction details because in transaction there's your name and that's their chance to know who you are.
In my opinion, you will not be caught if you use bitcoin for a positive thing. I've never heard of anyone being jailed for plunging into a bitcoin world. Moreover, bitcoins have anonymous facilities so it's hard to find who actually does bitcoin transactions. Therefore, in case of bitcoin hacking, we can not sue anyone for compensation. All the things that we choose definitely have risks. My country also forbids bitcoin, but I love bitcoin so I keep running bitcoin business but not for negative things. So in my opinion it's still a good thing and a blessing.
This is pretty scary on my part because I was registered in exchanger site with my complete details. I am also active in withdrawing my funds there the exchanger site might give the information to them and the government might go after me for tax evasion
Pray for that to not happen. If that happens i think many people will being chased by government for tax evasion, and guess what, we are part of them. But i think thats not going to happen because if they do that, they will also have a case, because they are also exchanging it, so that they are also tax evasion. So dont panic buddy, they cant chase all of us if that happens
Getting Bitcoin Identity is not so easy if you do not write your identity. If someone's identity is given in an exchange, then the government can find you very easily.
This is pretty scary on my part because I was registered in exchanger site with my complete details. I am also active in withdrawing my funds there the exchanger site might give the information to them and the government might go after me for tax evasion
All Bitcoin transactions are anonymous and can't be traced, Unless you decide to reveal your identity. But i'm not so sure what your Government capable of maybe they can't if you're not careful enough
They will discover if there is someone who spy you in everything you do that seems not suspicious for you. Actually it will be done through your neighbour or friends. So better to watch yourself and do more careful in everything you do. Good luck.
It is a tedious task for the government to find BTC information in the blockchain! The blockchain is a huge database, and every transaction information of the blockchain cannot be modified or deleted. You can find transaction records in the blockchain!
If you don't name your BTC, no one knows that this BTC belongs to you!
If you don't name your BTC, no one knows that this BTC belongs to you!
The government had every opportunity to set the rules for the 21st century with its latest tax bill. But it failed miserably.
No they can't trace an individual having a bitcoin or holding of any crypto. But the government can impose some fee on the transaction like additional fee when you go to an exchange. It is really possible like here in the Philippines that the exchange like coins.ph have been regulated by the government agency and the Bangko Sentral ng Pilipinas that gives coins.ph a license to operate. In this way coins.ph could be directed to get an additional fee for the government fundings in every exchange or transactions to be done.
The government generally checks real-name information through the exchange!
If your BTC does not trade through the exchange, it is difficult for the government to track your BTC!
If your BTC does not trade through the exchange, it is difficult for the government to track your BTC!
Yes now has a requirement to identify the holder. Maybe this way, they can track who has Bitcoin. but without this we remain anonymous to the government but they know how many transactions are associated with Bitcoin. Until now because you know that the owner of Bitcon can not be traced, because there are many addresses and owners in the world, and I think it's too hard to identify who the owner is, I think your country started blocking Bitcoin webiste, all associated with Bitcoin like a local exchanger.
that's why KYC in my opinion do not have to do in cryptocurrency, because it can know the holder of Bitcoin itself.
while the concept of Bitcoin is on the basis ny is anonymus and not in the know who the owner is but the transaction there.
while the concept of Bitcoin is on the basis ny is anonymus and not in the know who the owner is but the transaction there.
Since exchange are requiring KYC now I think that it is one of the ways that the government will find out if who are the person who has bitcoin in their country, but so far now our government still not strict with regards to cryptocurrency.
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?
First of all, it is easy to see your IP address and the government can actually see what you are browsing, with their IT experts or with their hackers that can access your computer easily. Also, what they can do is ban all crypto related and if you try to go to a website it will show a warning or an error that it impossible to access. They can easily track you especially if you make transactions online and they probably can arrest you depending on the government rule in Venezuela.
Government can trace you have Bitcoin if you you publish your name and Bitcoin address online. A lot of folks are doing that like when writing a blog or on a forum with their real name and Bitcoin address hoping that someone will send donations. They could also trace you when you do trading transactions for fiat currency in an exchange.
I think it is hard for the government to trace Bitcoin users because it very broad and anonymous. But if they really serious about it they can find ways and means to trace people. But they must be very careful because they might get the wrong persons and can cause chaos in the country.
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