If you dont register on KYC applicable boards, government cant trace you.
But for nowadays using crypto this type not efficient
Topic: How can a goverment trace you have BTC? - page 42. (Read 4077 times)
you start a wallet company n atm company at your homr only for your use ; then the government will never be able to 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?
I think government can not trace our bitcoin because bitcoin using decentralized system. Except, we selling our bitcoin on local exchanger and we give our identity on that exchanger, maybe government can trace our crypto transaction but not on how much bitcoin we have
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 trace our bitcoin because bitcoin using decentralized system. Except, we selling our bitcoin on local exchanger and we give our identity on that exchanger, maybe government can trace our crypto transaction but not on how much bitcoin we have
It is very difficult for the government to track Btc to every Btc user because it is not known to every wallet that we have this and can be seen if we give every key wallet that we have or tell
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 trace our bitcoin because bitcoin using decentralized system. Except, we selling our bitcoin on local exchanger and we give our identity on that exchanger, maybe government can trace our crypto transaction but not on how much bitcoin we have
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?
Government cannot trace your BTC address unless you have exchange address. usually exchange will require KYC or identity submission.
They can trace you through exchange. although it cannot fully traceable. You must use another coin than bitcoin to become fully anonymous.
Yeah right guys, the government will be able to track transactions with BTC you make when you cashing it on payment processing in your country. They will be able to do that because most of these companies require you to be a data file of ourselves before letting you withdraw your money from them. This is one of the good characteristics of Bitcoin is its decentralization.
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 transactions are anonymous and they are almost virtually untraceable. That’s why in my country the only thing that can let you be determined you are a cryptocurrency user is that if you just blatantly say that you have tinkered woth them even for just a little bit as the understanding would automatically be that you are in bitcoin far more longer and all the funds in the bank are associated and are being used to it which I thibk can be bypassed
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 transaction is anonymous so you won't get caught, just dont let them know your bitcoin address or anything just deny the fact that you're into cryptocurrency then you're good to go. 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 have watched an interview over the phone that if you are a miner there you'll be arrested. Bitcoin transactions are anonymous and there's no way to trace you unless they have proven that you own that bitcoin transaction. But how can that be? there's no name of sender and receiver for each transactor so there's no way to find out unless you are too vulgar and will expose that you own some.
I don't know what's the real score in Venezuela right now but it seems they are really hiding from the authorities and they are not allowing someone to know if they are into crypto's, bitcoin or anything related to digital currencies.
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 have watched an interview over the phone that if you are a miner there you'll be arrested. Bitcoin transactions are anonymous and there's no way to trace you unless they have proven that you own that bitcoin transaction. But how can that be? there's no name of sender and receiver for each transactor so there's no way to find out unless you are too vulgar and will expose that you own some.
It's not that hard when you actually think about all of the resources that the government really has, they're able to use their IRS (alongside state tax services and private crypto companies) in order to track down when you bought coins, for what price, and if you reported it or not to them. It's not hard at all if you're not actively trying to circumvent government watching, which most people aren't if they don't think they're doing anything wrong.
I think the IRS is even working with (or has worked with) some private companies in order to find out who some people are on the blockchain. For audit purposes of course, as they know that some of these people are trying to avoid them
I think the IRS is even working with (or has worked with) some private companies in order to find out who some people are on the blockchain. For audit purposes of course, as they know that some of these people are trying to avoid them
The only way for the government to trace you is for you to give your personal information. Most exchanges now a days requires a verification of your information for you to exchange Bitcoin to fiat. Also, I think the government can use IP address to track you. You could use decentralized exchanges to avoid that but I myself haven't use any of those. You could use something like TOR to hide your real IP address. Don't worry, it's not that easy to track you as long as you hide your identities away from exchanges that require verification.
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 should avoid reusing addresses. You should also be careful to use coin control: remember that signing transactions with outputs from multiple addresses associates all those addresses together.
You should always use IP address obfuscation when broadcasting transactions to the network. You can push raw transactions over TOR using a push service like https://blockchain.info/pushtx or you can connect to the network through a good VPN.
Bitcoin transactions are anonymous. As long as you don't reveal your identity, no one know you are a bitcoin holder.
For this purpose you have to buy bitcoin peer to peer from a person you trust. Never use exchanges that force you to verify your identity.
For this purpose you have to buy bitcoin peer to peer from a person you trust. Never use exchanges that force you to verify your identity.
Bitcoin transactions are not anonymous. They are pseudonymous. Even if you never fully verify your identity with an exchange, things like IP addresses, cookies and PII like physical addresses (e.g. if you've bought an Amazon gift card with BTC and had something shipped to your home) can be used to identify you. Lots of PII gets leaked when dealing with third parties via web browser. And if blockchain analysis companies (working with governments) can identify one or two of your used addresses, clustering techniques may allow them to map much of your transaction history.
Be careful out there!
our mobile wallets are now having requirements to identify the holder. Maybe in this way, they can trace who has bitcoin. but without this, we stay anonymous to the government but they know how many transactions that are related to 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?
Govermens can trace if you have own bitcoin by creating online wallet like coin base and others itt depends on your country because in our country coins.ph can trac that you have btc because before you cash our goverments or banks need your verification and others. 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?
BTC is declaimed to be anonymous, but actually not totally.
Basically, you can be traced by your ip where you connect to the internet. Anyway, you can use tor.
Another thing is when you want to buy/sell bitcoin with FIAT. Most exchanges will ask your personal information.
You have no right to be punished, if you are punished because you have bitcoin, then you should ask them, "If I have bitcoin, what is the negative impact on this country (venezuela)?
surely they will be confused. Is the bitcoin in venezuela banned 100% (although only have it)
surely they will be confused. Is the bitcoin in venezuela banned 100% (although only have it)
it's possible. they can track you when you trade when you trade or exchange on website. they find you via IP address. but you should fake IP to avoid it
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