Could there be a law on stolen bitcoins?

[xdrpx]

Laws already exist in majority of the countries for stealing of money or something equivalent to money. Do you remember the time when the dirty cops stole Bitcoins from the Silk Road case? They were caught and made to pay for it. Even last month a 34 year old hacker Michael Richo was caught for stealing Bitcoins by phishing users and they did recover a large sum of money accounted upto 6 figures. So, infact if you've ever been stolen from make sure you have enough security measures and monitoring tools installed before hand on where you have your Bitcoins so that it becomes easier for the cops to help you track them.

[Wandering Soul~]

Well it wll be nice if our government allows us to report to some authorized persons if our bitcoins are stolen. But the thing is bitcoin is anonymous it will be hard to track someone plus the government doesn't even recognized bitcoin, and  in some countries bitcoins are even banned.  There are many hurdles to overcome before something like this happens.  

In some cases this happens when some huge amount of btcs are stolen.  I have seen/read some articles in thr past like that.

[BTCLovingDude]

sadly this depends on the country that you live in!

this may sound a bit strange but it is true, in some countries they may even tell you that you shouldn't have used bitcoin in first place and prosecute yourself because of using bitcoin in first place.

[TastyChillySauce00]

Interesting topic.
Well at the beginning bitcoin designed decentralized which it's not covered by government and law. This is impossible to reporting to cybercrime police if your coin stolen, instead it can be a boomerang if your country doesn't allow bitcoin activity.

But the question is how there's country who make it legal for bitcoin so, we can report it to the police if we got stolen our bitcoin?

well if you're living in a region which already regulate bitcoin,i guess there must be such a rule thatprotect bitcoin users against criminality,and especially if government already taxed those bitcoin users,then protection for a bitcoin users is a must and it could be considered as using usual currency so normal law will be used

[shield132]

It would be good if there would be similar laws but bitcoin is out from this thing and that's the main reason why people are using bitcoin for illegal activities. There is always law to catch thief but reality about bitcoin is different, it's nearly impossible to catch thief. Think about facts which happend this summer, hashocean stole huge amount of bitcoins, bitfinex was hacked and also huge amount of bitcoin was stolen from them, what happened? There is nothing news about thiefs, they stole money and they live whatever they want.

[fortunecrypto]

Could there be a law on stolen bitcoins? What if there would be a law punishing those who steal bitcoins and those people behind scam sites? And if so, is it necessary to have such law? I'm just wondering, if there would be such law about stolen bitcoins, it could be a big relief to us bitcoin users. But then, there are so many questions and issues that goes with this ideal that makes me skeptical about it. 

It is never yet implemented and we have not read any case involving Bitcoin theft,the country that will implement this,should have a complete knowledge on how bitcoin works and that country is actually using bitcoin as one of their currency,I doubt if this will happen.

[btccashacc]

Could there be a law on stolen bitcoins? What if there would be a law punishing those who steal bitcoins and those people behind scam sites? And if so, is it necessary to have such law? I'm just wondering, if there would be such law about stolen bitcoins, it could be a big relief to us bitcoin users. But then, there are so many questions and issues that goes with this ideal that makes me skeptical about it. 

I don't tink that it would happen since there's no one controll bitcoin, however if there a law to protect us from thief bitcoin must be centralized maybe by the goverment. as long as bitcoin is decentralized Its your own responsibility to keep your bitcoin safe.
Though holding bitcoin and transaction with them is illegal in my country thus there's no one help you when you lose your bitcoin.

[U2]

That's like asking if there are laws against sending unsolicited spam emails. Yes. There are lots of different laws in lots of different countries. But in terms of having some law on the Blockchain somehow (or whatever your idea is) it's not going to happen.

[thejaytiesto]

Could there be a law on stolen bitcoins? What if there would be a law punishing those who steal bitcoins and those people behind scam sites? And if so, is it necessary to have such law? I'm just wondering, if there would be such law about stolen bitcoins, it could be a big relief to us bitcoin users. But then, there are so many questions and issues that goes with this ideal that makes me skeptical about it. 

You can create as many laws as you want, but at the end of the day, the protocol doesn't care.... if someone gets away with it, that's it, it's the end of your bitcoins, and the thefts will never be caught. This does not mean that there shouldn't be laws, there should be laws and people like Karpeles are to be held responsible for the scams, but some people will get away with it since they will never be caught.

[xuan87]

i really wish there are this kind of this law, so the scammers will learned their lesson, but it won't happen, how can we track the scammer or the thief if all of the identity is hidden, and based of what kind of law that a theft or bitcoin criminal can be sentenced? I think it's too complicated to becoming true eventhough deep inside i wish it could happen

[Carlsen]

Different countires have different laws against theft.
So technically spoken there is a law aginst stealing btc.
The question is which one to use. The law of the country where the thief is, or the one where the victim lives.
Of course that would all imply to catch the thief, and that is not going to happen in most cases.
If you would want a global law agains bitcoin theft, I think we would have to create a world government first.

[Fatanut]

There is a law on stolen bitcoins. We do have theft and cybercrime law for that and I think most countries have those laws. The main problem that you'll have is the proof that he actually stole your bitcoin and that he is actually the one that stole your coins. I've seen people on the news getting in jail because they scam someone online so I think it's also possible to do when the theft happens in bitcoins.

[Oceriw]

Maybe in the future there can be a law on it but right now there will be no law on it and its also difficult because a lot of of countries than need to work worldwide with each other too.

[Ayers]

aren't bitcoin that are stolen, tainted(or what was the correct term) and they also lose value, because they are sold at different rate on the market, and they are in this way the primarily cause of the no-good fungibility of bitcoin?

[BitSat]

Maybe in the future there can be a law on it but right now there will be no law on it and its also difficult because a lot of of countries than need to work worldwide with each other too.

I think its very hard to bring law for this because we cannot recognize thief who is this and where from if we can do then theft is illegal in all over world and the can go in prison for this without any problem but its need some good and hard work to recognize this all 

[abel1337]

Stealing is a crime on all country in the world. There are no country thay has no anti theft law. But it is hard find the suspect that stole your bitcoin cause it is fully anonymously used. It depends if the suspect is a person you know and he stole your private key. And you have evidence to make your accusation powerful

[lol3c]

I don't think so because bitcoin doesn't belong to anybody or any government and it's not controlled by anyone so it's tricky to give such a law on bitcoin. Moreover, it's get harder to track down scam sites when they die or to find out who steal bitcoin because there will be no traces. Therefore, having laws on bitcoin would be worthless.

[Pursuer]

Could there be a law on stolen bitcoins? What if there would be a law punishing those who steal bitcoins and those people behind scam sites? And if so, is it necessary to have such law? I'm just wondering, if there would be such law about stolen bitcoins, it could be a big relief to us bitcoin users. But then, there are so many questions and issues that goes with this ideal that makes me skeptical about it. 

I don't think there is any specific law that is limited or about bitcoin and stealing it in any country, at least there is none where I live. but stealing bitcoin or getting scammed out of your coins may fall under some different category which then will be subjected to some law.
for example if it was a hack, then it is a hack and there are so many laws about hack and stealing something that way. if it was a scam then it can be categorized differently and so on.

[yayayo]

Could there be a law on stolen bitcoins? What if there would be a law punishing those who steal bitcoins and those people behind scam sites? And if so, is it necessary to have such law? I'm just wondering, if there would be such law about stolen bitcoins, it could be a big relief to us bitcoin users. But then, there are so many questions and issues that goes with this ideal that makes me skeptical about it.  

Nobody needs a special law for Bitcoin theft, because stealing property is illegal in every country. The same applies to fraud. I don't know where you stuck your head the last years, but there are already convicted offenders, who participated in Bitcoin scams / embezzlements. Just to name the two best known: Trendon Shavers and Mark Karpeles.

Even if there were legal loopholes, additional laws would not improve the situation regarding Bitcoin scams. Offenders already know that their activity is illegal, therefore they generally take great care in concealing their identities and hiding their tracks. So prosecution is difficult.

The main problem in my opinion are however the people who - out of pure greed or naivety - believe in totally unrealistic high-yield "investments" and throw Bitcoin at every scammer without properly researching the background of an offer.

ya.ya.yo!

[krishna1]

i do not honestly expect there to exist any law on this or i do t want any law to exist because if there will exist any law then it can cause harms not only to the scammers but also some innocense. right now people himself are responsible for whatever actions they have taken into