Topic: How can a goverment trace you have BTC? - page 43. (Read 4077 times)
All Bitcoin transactions are anonymous and can't be traced to the identity of its storage. No one on earth can ever know if you have or not. Unless you decide to showcase your identity. So government can not know if Anyone has bitcoin or not.
until right now as i know that owner of the bitconi cannot traceable, because there are many address and the owner in the world, and i think its too hard to identify who is the owner, i think your country is start to blocking bitcoin webiste, all related with bitcoin like local exchanger and many more, they start to block it until peoples in their country can't access bitcoin network
One of the good characteristics of Bitcoin is its decentralization. You can use it even without proper identification. Government has no means to trace your BTC use unless you register to a platform with KYC because in order to use that platform, you'll need to submit some identifications and pass the KYC.
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.
To find the bitcoin that allows is not necessary, because with the full address and the current photo, with all it can use bitcoin wallet in the transaction.
That could be done by tracking down their wallets and the government can find out if it was you with the verification you made when creating a market 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?
I dont think its that simple for them to find you out, the whole concept of bitcoin is focusing on decentrilization, 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
They cant. Bitcoin is decentralize and there is no possible way to track down your transaction/info unless they were able to log in into your wallet. And that would be easy for the government, but if they do hack you, it's a breach of privacy.
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 can find you through an exchange.
He can find you through an kyc from an airdrop, ico, etc.
Unless you are very careful, you can be tracked.
Actually it's very easy if you want to find you in bitcoin, the government simply track your bitcoin wallet and if you register your account when entering or verifying with your original address and photo, because bitchin with Blockchain technology has a decentralized system.
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. 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.
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?
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