Topic: How can a goverment trace you have BTC? - page 41. (Read 4077 times)
In my knowledge bitcoin is anonymous ,meaning nobody can trace your transactions even your wallet as long as you didn't give you identity or enter it when you make a transactions. bitcoin is decentralized that no single authority controlled it even the government that's why it is difficult for them to trace your bitcoin without showing your real identity.
Government is very difficult to track bitcoin users, because the government can not regulate bitcoin (its decentralized). The government can only track through our bank account statements at the time of money disbursement transactions, but the government can not confront us as bitcoin users. It is likely that the government can track bitcoin users through forms that use KYC or 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?
If you have assets on local exchange and often exchange money from local exchange to paper money, the government will easily know you have bitcoins. Keep in mind, when verifying accounts on local exchange you need to include your identity card, this will make it easier for the government to track users of cryptocurrency. Because I know, a local exchange will run if it is approved by the government.
Every country has an IP address. Using the IP address of your country can make you vulnerable. While they may not be able to pinpoint the exact location, the may be to detect up to a radius of 50km,who is using what and when. It can be traced.
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?
Well for me the government will discover bitcoin unless their is an investor who report it to the police. And it will trace it because of the information they gave. Government can not control to banned bitcoin from the users. Especially if it gave a big profit to the users.
Just like what @gesdan say Bitcoin can not be trace because it is universal. And it can only trace through the history of your web. And unless you give your bitcoin information online or posting in social media because it can attract to the people who will read it. And the government did not do any actions if you did not break the laws that covers the cyber crime law.
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?
One of Bitcoin's most important features—and perhaps its true core innovation—is its decentralized structure. By being decentralized, bitcoin transaction no middle-man is required, and they can’t be linked to owners who don’t want to be identified. Your government or any government so to speak will most assuredly have a hard time tracking down certain bitcoin individuals. Therefore nothing they can do to discover you my friend. Be at peace.
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 cannot control or ban crypto. Even if they ban in your local country you can still buy/sell or trade on international websites.
Bitcoin is pseudo-anonymous. If it is a surprise to you then you are welcome.
Nowadays, exchanges won't let you buy/sell cryptocurrencies without KYC, if the govts build a team to track the transactions from your information given to the exchanges then I think they can ask for you with your tax information.
Nowadays, exchanges won't let you buy/sell cryptocurrencies without KYC, if the govts build a team to track the transactions from your information given to the exchanges then I think they can ask for you with your tax 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?
In reality, these laws are extremely hard to enforce.
First of all, it's not actually illegal to have or use bitcoin in Venezuela. In fact, mining is actually completely legal as well, which is better than some countries even. The government has its own crypto as well, so it would make no sense to ban BTC which is the major crypto.
A government can pretty much only trace you down with leads from third party exchanges, etc.. However, even then it'll be hard to actually see for a government whether you hold any BTC and how much BTC you're holding. Practically speaking, it's simply not worthwhile for them on a effort and money basis to enforce these regulations if you're just an average Joe using bitcoin. Again, it's the beauty of decentralization. Governments can't just say one day that they want to shut BTC down and do so, since it's decentarlized.
i think the government can't trace it from the address because the address is to universal to anyone in the world, but maybe it can trace by the history of your surfing on internet, if you visit the website that related in bitcoin network maybe government can know about this information from the internet services providers
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?
For your information Bitcoin is not banned in Venezuela in fact the president of this country created their own version of Crypto currency name Petro coin. Your Bitcoin will not be discover by the government because it is decentralize that is why other nation is against of Bitcoin existence but still your transaction will be trace every time you will convert your Bitcoin to fiat in your local exchanges as per government regulation policy but that if Bitcoin is legal in your country but if Bitcoin is illegal in your country then it is very impossible for you to join this investment to earn.
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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?
Since bitcoin is anonymous, there is no way they can know that you are holding money if you are from Venezuela. The only thing they can know that if you are holding BTC or any other coins is if you given your KYC into an exchange.
I think they cant trace if they didnt know your bitcoin address or your wallet address. And its so hard to know who address is that if didnt tell the government that is you.
when you have a Bitcoin address, you actually make that with your email account and ID papers, if the exchange allows the government to collect and check your data - it's easy to get 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?
blockchain itself doesn't reveal your identity. But you can reveal it when transacting through blockchain, for example by buying bitcoin for fiat on the exchange, which already can be recorded by the centralized exchange.
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.
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?
Initially if you want to buy bitcoin or other crypto currencies from exchange where is they can get your records and can track your fund details.And bitcoin is not fully anonymous it is just pseudonymous so if someone can find your address then he can track all your details and transaction details by himself.All you have to do is use new address for each and every transactions you are doing. 
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?
Unless you did not gave any information about you they can never discover and arrest you but if you need to exchange your Btc into fiat of course they need your information. 
From what I understand, the government will be able to trace the transaction with BTC that you made when you cashout it on a payment processing establishment/company in your country. They'll be able to do that because most of these companies require you to provide KYC documents before letting you cashout your money from them. This will be the only thing that I can think of where they'll be able to link your name to any BTC transaction.
Did you intentionally leave out the banks or was it an oversight? No matter how we try to belittle the banks when Bitcoin is discussed, we should also know that most Bitcoin transactions are converted to fiat before use. So, how do we get fiat if the banks are not passed through? That's not possible, except we do a face to face trading where buyers and sellers exchange cash in person.
It will be difficult for any government to to that but with the aid of your bank where you do the transfer of your coin to it can be traced, also those who are into bounty campaign can identified through social media post on daily basis.
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