How can a goverment trace you have BTC? - page 6.

ParveZ219

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Quote from: fernandoaleixo on May 14, 2018, 04:05:17 PM

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 is not in the hands of Government but the medium of transaction of bitcoin which is the internet is in the hands of Government...So they can easily trace that crypto transaction is going on...and slowly they can trace you if you are making frequent transactions.

OnceTwiceThird

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Activity: 606

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My country have upload our identity to get and create bitcoin exchange account, we have give correct information from our identity card and we have take picture with our identity, so far if government have connection with exchange market will know how much bitcoin are saving in our account.

Wild_Potato

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Quote from: dimbaba on August 19, 2018, 05:50:38 AM

If you can do any work with Bitcoin, then Bitcoin will be tracked financially easily, which does any work But it is planned for other times related to police blockbay technology and transactions.If a portion of them gets sent to an exchange or any service which does AML/KYC, those coins can be traced to a person.

Can be traced, but will be traced? Not necessarily. They don't freely exchange information with tax services at this point, but they could be doing this sometime soon. If they do give this information to the government, it would probably be only the US IRA. That might be shared with EU countries, UK, CA, NZ, AU, etc. but if you are in an emerging economy they probably wouldn't send that information over. Unless of course, you are a "person of interest".

Everything can be traced nowadays, but there is no time. So just don't be interesting.

dimbaba

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If you can do any work with Bitcoin, then Bitcoin will be tracked financially easily, which does any work But it is planned for other times related to police blockbay technology and transactions.If a portion of them gets sent to an exchange or any service which does AML/KYC, those coins can be traced to a person.

Nicoleaustin86

newbie

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It is not easy and the Government can not track the owner of bitcoin and only the number of bitcoins can be seen. The cause of bitcoin is difficult to track, because bitcoin has blockchain technology it has a decentralized system.

BitcoinConte

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Bitcoin is not traced because its users can make it without giving their real name, so I do not think you can catch them how they know you have btc while BTC does not mention the name of the BTC owner.

bololord

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Quote from: fernandoaleixo on May 14, 2018, 04:05:17 PM

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?

of course by the wallet that you used like coinbase? but i dont know if how they will track it maybe when you have a lot of withdrawals but tracking btc to you wallet is not good because thats your money and we need to keep it privavcy.

cryptocurrencyguru

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bitcoin is untraceable and decentralised no governments can trace bitcoin transactions if the investor u special software it cant be traced but at the same time govt use chain analysis software

smile1218

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Quote from: fernandoaleixo on May 14, 2018, 04:05:17 PM

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 will reveal your identity to government and submitted all your details to them thats the time they can trace that you have bitcoin and maybe they will subject to tax your bitcoin income if your working and bitcoin as your salary. But for as long you do not reveal your identity the government will never know that you have bitcoin possession because all bitcoin transactions are anonymous.

Netnox

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Bitcoin is not an anonymous crypto-currency and all the transaction records are available from the Blockchain. So if the government authorities want to trace you, then they can do it without much difficulty.

nagasaking

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From what I understand, the government will be able to track transactions with BTC that you make when you withdraw them at a payment processing establishment / company in your country. They will be able to do that because most of these companies require you to provide KYC documents before letting you withdraw your money from them.

jakirdj95

jr. member

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I think all the information about Bitcoin Holder is included in the Blockquare Leader, and I have actually read an article that if you violate any of the scams or transactions, and if you can do any work with Bitcoin, then Bitcoin will be tracked financially easily, which does any work But it is planned for other times related to police blockbay technology and transactions.If a portion of them gets sent to an exchange or any service which does AML/KYC, those coins can be traced to a person.They will be able to do that because most companies require you to provide KYC documents before allowing you to withdraw your money from their company. There were even a few high profile arrests of criminals a while ago who were using bitcoin for something illegal which eventually caught up with them. Use electronic money, such as Perfect money or other payment systems. I think my thought you understood.something which is dangerous for the country then government have no concern with your property or income of every one so you use your income for the good things and business is not illegal activity.

bryant.coleman

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If you are not using a VPN, then the government can trace the Bitcoin transactions to you (especially if you are using some exchange that requires KYC). If you want 100% anonymity, then use either XMR or Zcash.

Usafstar

full member

Activity: 378

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Government have no concern with tracing of bitcoin it is your personal income and if you are not a criminal or something which is dangerous for the country then government have no concern with your property or income of every one so you use your income for the good things and business is not illegal activity.

tuturutmunding

newbie

Activity: 98

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the government cannot control bitcoin there is no institution that can give laws to bitcoin something that the government is afraid of is bitcoin is used as a tool to commit fraud and other crimes that can harm the country such as money laundering and terrorism financing

hotBriX001

jr. member

Activity: 224

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The revolutionary trading ecosystem

Quote from: JohnHendry on August 18, 2018, 07:03:38 AM

There is a lot of way to trace but for that they must need the information about you or need to suspect you. Without this it is not possible.

Here in our country it is hard to our government to trace if you are holder of bitcoin because our government have not yet recognize and legalize bitcoin business platform. But if this will be needed then they will provide laws about it.

cryptograce

jr. member

Activity: 420

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You need to ask if that is even possible, you are untraceable, that's why it's decentralized.

JohnHendry

newbie

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There is a lot of way to trace but for that they must need the information about you or need to suspect you. Without this it is not possible.

indriyanti

member

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Your government will be able to track BTC transactions that you make when you withdraw them to payment processing companies / banks in your country. They will be able to do that because most companies require you to provide KYC documents before allowing you to withdraw your money from their company. that's the only thing I can analyze where they can link your name to each BTC withdrawal transaction

Sukunan-

newbie

Activity: 53

Merit: 0

the government will not be able to catch btc or crypto anytime, because the government has also agreed and supported, and agreed, but wait for laws or regulations in the country ..

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