Topic: How can a goverment trace you have BTC? - page 5. (Read 4092 times)
The block chaining technology can protect you when you invest in bitcoin, but it can not protect you when you exchange bitcoins with the trader because the government may be tracking your wallet. Be careful boys.
Yes, guys, the government will be able to track transactions with BTC that you do when you cash it in processing payments in your country. They will be able to do this because most of these companies require that you be the data file itself before allowing you to withdraw your money from them. This is one of Bitkoin's good characteristics - his decentralization.
it's very easy to track your bitcoin transactions but if you use KYC when buying bitcoin, but if the purchase is peer to peer it will be difficult to track because there is no identity of the owner of the bitcooin address wallet
that is the reason why government against with cryptocurrency because the fraud and money laundering might be the major problem in the future that is why they want to regulate it for security purposes.
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 trace your bitcoin if you had submitted your personal details to the government and stating that you owned bitcoin. With that declaration the government may impose taxes for every transactions that we are about to make.
I think government can't trace you, because it is a digital currency. That's why many bad people used in eligal transaction, it is an anonymous.
It is difficult to trace that you have a bitcoin. Unless government can discover or make a machine than can detect bitcoin or bitcoin detector.
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 trace your bitcoin if you had submitted your personal details to the government and stating that you owned bitcoin. With that declaration the government may impose taxes for every transactions that we are about to make.
I think government can't trace you, because it is a digital currency. That's why many bad people used in eligal transaction, it is an anonymous.
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 trace your bitcoin if you had submitted your personal details to the government and stating that you owned bitcoin. With that declaration the government may impose taxes for every transactions that we are about to make.
Usually the government has a access to all of the computer and data from over the world they get the highest rank persons about technology to know and identify the person they want to know and also to observe they can also trace your I.P Address if they want to know something to you.
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....
Those countries with good network security, I think not too hard to test for prohibited transactions.
I think that you can catch the owner of bitcoin only if he tries to sell it by hand or cash.In other cases, it is almost impossible.I do not understand why cryptography can be banned?This direction should be developed, not banned.
The government will not be able to check your presence of crypto currency. But there may be problems when exchanging for fiat money. If the crypto currency is prohibited by law, then read the law.
If any government want to trace someone having bitcoin or any other alt coins, then it’s not difficult for them to tracked required person.
They can tracked you by your transaction, they can also access you through KYC, they can get information about you from any exchange where you are trading.
They can tracked you by your transaction, they can also access you through KYC, they can get information about you from any exchange where you are trading.
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?
People arrested with provable caused and I think in your case your government is no longer arrest you because in the first place If your government would conduct strictly prohibited to use bitcoin I think in search engine of google itself doesn't pop up because of totally ban from your government and also you did not open the site that has related to Bitcoin because of their strictly totally ban Am I right Sir?
Does anyone think that through exchanges between stakeholders, the government can detect? That is still my question.
Government wont have the capacity to realize that you have a bitcoin in any of your wallet since bitcoins gives its clients and mysterious exchanges. These secrecy is extremely valuable since it empowers us to escape from the charges that is given by government but on the other hand is being mishandled by a few and utilize it in unlawful ways. Following anything from bitcoin would be extremely hard for the legislature as well as to the general population.
This is imposibble, you don't have any name, address or telephone number in your Bitcoin wallet. So it is secret, you can use your cryptos anonymously. I think this is the best way to send/recieve option. And i believe that's why the bitcoin so unique and special.
The exchange of bitcoins using reliable sources ensures the anonymity of transactions, as long as you carefully use Bitcoin there is a really small and dubious probability that the government or other state-owned organization will be able to sue you for it. it all depends on responsible and clever use of this cryptocurrency which ensures us security.
There is no known measure in place to trace ones bitcoin . That is why money launders are having a field day in their activities.
I think they cannot trace you. Nowadays, some peoples developed bitcoin mixer so you can use bitcoin anonymously. If you using bitcoin smart enough, you won't be able to be traced by any peoples in the world.
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