Will you allow the Government to look into your bitcoin wallets?

[PokerFace3]

In the coming days when the government will legalize bitcoin and puts up regulatory rules and policies on the use of bitcoins it is a prerogative of the government to monitor the bitcoin transactions as well as your bitcoin wallet. For how many years bitcoin has been operating outside the hands of the government and many illegal operations especially in the black market is taking place without being traced. This coming events may be helpful to the stability of bitcoins in its operation and security.

I don't think that the regulation mean monitoring the wallet of everyone. It is impossible to be made even can be chose to be made. The fiat money is not monitored in this way. No one monitor my actual wallet and only me know ho many have there. Then to many countries have regulated bitcoin and no one has chosen to monitor the wallet of the people within these countries.

The money that I do own in my wallet is the money of my fortune. I would not even my family to interfere in it then who
the hell is the government because it leads to the privacy of the people. If a government looks in the wallet and finds
a lot money and may take actions and claim it black money for their not for their nations because the world is very selfish
at the moment we can't trust anyone for anything.

[asriloni]

Bitcoin is here to give me financial freedom hence the governement does not have any jurisdiction over my coins.
Bitcoin are issued by us, we mine them, we produce them.

I will not give up on my privacy

I agree with you but it's already happen to many country now. Also the Philippines local wallet need to verify your identity first before you can cashout huge amount of money using there wallet and you give them permission to deactive your account if they found it malicious or from gambling.

maybe they just require this complicated thing in order to avoid any fraudulent activities or any suspicious activities and about the deactivating account because of gambling,probably your country restrict from any form of gambling activities so your local wallet/exchanger obey the rules and can't do anything

[Xester]

In the coming days when the government will legalize bitcoin and puts up regulatory rules and policies on the use of bitcoins it is a prerogative of the government to monitor the bitcoin transactions as well as your bitcoin wallet. For how many years bitcoin has been operating outside the hands of the government and many illegal operations especially in the black market is taking place without being traced. This coming events may be helpful to the stability of bitcoins in its operation and security.

Even though I am seem reluctant but I will agree. I have no other choice but to agree since it will happen soon and it will be compulsory. Phillipine central bank has been notified by the President to create a division to monitor and regulate the virtual currency including bitcoin. I cannot escape from this but it will be an advantage to us which means goodbye to hackers and scammer.

[talkbitcoin]

In the coming days when the government will legalize bitcoin and puts up regulatory rules and policies on the use of bitcoins it is a prerogative of the government to monitor the bitcoin transactions as well as your bitcoin wallet. For how many years bitcoin has been operating outside the hands of the government and many illegal operations especially in the black market is taking place without being traced. This coming events may be helpful to the stability of bitcoins in its operation and security.

that is a tough thing to answer, because if the government wants to look into my bitcoin wallet there will be so few things that i can do to prevent it and they can force me to show it to them and give a detailed information about all my ownings.

[Hazir]

Taxation or regulatory laws most likely won't hit normal users, it is not possible to control every bitcoin wallet or people using BTC at this point.  Governments knows that too.
This why we will likely see new rules and laws created to regulate every bitcoin accepting satellite services and not people's wallets. (Online wallets of course can and are already regulated)

[Barbut]

I think they will need a warrant for this, and why would they look into my wallet? Maybe they will get a warrant from some court in case they trace some stolen money, and that money leads to my wallet.
I think there is no reason for fear if don`t do illegal things, I`m relaxed about this thing, and if they wish to look in my wallet I would let them. My money is coming from campaigns, faucets, and casinos. I don`t have nothing to hide. And I believe many people also have nothing to hide, so if this thing can help bitcoin community, and this will effect on price stability I don`t see reason to fight against it.

[lienfaye]

If the government look into my wallet i guess i can allow that if they only want to confirm if i have a malicious transaction or doing anything that is illegal. but if they want to add tax thats a different thing. i wont allow anyone to control where my earnings coming from because its none of their business.

[AioFox]

Well i chose to use bitcoin wallets for a reason; its a really good way to make online payments and transactions without having to consult your bank to have a credit card and register on Paypal. To have the government start lurking in my wallet would really be a violation of my privacy; i wouldn't see why they should have any concern on my personal wallet.

[Cresciuanto]

If the government look into my wallet i guess i can allow that if they only want to confirm if i have a malicious transaction or doing anything that is illegal. but if they want to add tax thats a different thing. i wont allow anyone to control where my earnings coming from because its none of their business.

yes it is. to me if it is legal according to law. and according to the policy of the state then it ok. i have no objextion but if it is not according to the policy of the state and not lawful then i will never allow government to get accee