Could there be a law on stolen bitcoins?

[xhomerx10]

I too filed a case when my bitcoins were stolen but nothing was done as bitcoins are not considered legal. If there is a huge amount involved, there can be chances of such scammers being arrested else the chances are very less. It's mainly the persons who trade in bitcoins who suffer in the end while scammers easily escape.

 Can you post a redacted scan of the police report?
It would be interesting to see why nothing was done.  How were you informed that nothing would be done?

[Wei H]

The question is how law to control Bitcoin, a stuff that couldn't be controlled? Even the law claims your ownership of the stolen Bitcoin, you can't still rollback the blockchain to get your Bitcoin back.

[LordCoder]

I highly doubt stealing Bitcoins would be the same as stealing cash, at least in my country. Mainly because not many people know what it is, and cops won't do anything if they are told to "search" for someone with the address x.

[marleybobthedog]

Bitcoin itself is illegal in some countries because it allows money laundering because there is no central agency to control the flow of money so who would come to make laws and bitcoin is almost anonymous so making will not work

[MMA]

I too filed a case when my bitcoins were stolen but nothing was done as bitcoins are not considered legal. If there is a huge amount involved, there can be chances of such scammers being arrested else the chances are very less. It's mainly the persons who trade in bitcoins who suffer in the end while scammers easily escape.

actually as bitcoin is still not a legal currency therefore there is still no law for stolen bitcoin. but i am hopeful that when bitcoin will become a legal currency then there will certainly be a law for stolen bitcoin as we can see that in every state there is always law present for stealing some thing.

[krishna1]

normally there is no law but what if tomorrow someone just popuped from somewhere and became a thieve catcher like plumbers in ben 10 cartoon series . i mean a special polic branch to punish the scammers and thieves in bitcoin network like we already have escrow system

[richardsNY]

I too filed a case when my bitcoins were stolen but nothing was done as bitcoins are not considered legal. If there is a huge amount involved, there can be chances of such scammers being arrested else the chances are very less. It's mainly the persons who trade in bitcoins who suffer in the end while scammers easily escape.

actually as bitcoin is still not a legal currency therefore there is still no law for stolen bitcoin. but i am hopeful that when bitcoin will become a legal currency then there will certainly be a law for stolen bitcoin as we can see that in every state there is always law present for stealing some thing.

Bitcoin doesn't have to be a legal currency. It's no surprise that when you steal something, that it is against the law. Bitcoin is money, so in that respect, you are stealing money. Not very difficult to realize, right? You'll either get to stay in a prison for a certain amount of time, or you'll get a heavy fine where you will also be forced to pay back the victim till the last satoshi.

[V1saya]

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. 

Unless there will be some kind of regulations in cryptocurrency it won't really gets 100% acceptance from people, establishments and governments. Call someone irresponsible and reckless for losing cryptos either from wrong address, getting stolen, etc but it doesn't mean thieves and crooks get free passes.

[john2231]

I too filed a case when my bitcoins were stolen but nothing was done as bitcoins are not considered legal. If there is a huge amount involved, there can be chances of such scammers being arrested else the chances are very less. It's mainly the persons who trade in bitcoins who suffer in the end while scammers easily escape.

actually as bitcoin is still not a legal currency therefore there is still no law for stolen bitcoin. but i am hopeful that when bitcoin will become a legal currency then there will certainly be a law for stolen bitcoin as we can see that in every state there is always law present for stealing some thing.

Bitcoin doesn't have to be a legal currency. It's no surprise that when you steal something, that it is against the law. Bitcoin is money, so in that respect, you are stealing money. Not very difficult to realize, right? You'll either get to stay in a prison for a certain amount of time, or you'll get a heavy fine where you will also be forced to pay back the victim till the last satoshi.

If they can caught it can be in prison but honestly it is hard to trace those thieves if they are stole bitcoins by someone you can only get ip and there is assurance if he is in that place because we have also vpn that we can hide and change our location ip.
I hope that satoshi can added a new feature like knowing the real place of thieves so that we can report it easily to NBI.

[jack1111]

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. 

This issue differ from country to other, I think where Bitcoin is regulated, there will be a law to protect Bitcoin users, if you read Bitcoin news, you should be heard about the scammer arrested by Dubai police in UAE.
https://www.cryptocoinsnews.com/dubai-police-arrest-alleged-bitcoin-scammer-siphoned-100000-off-victims/

[Jeremycoin]

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. 

Yes it could, but it would only apply to certain countries. Because I think not all the countries would agree to it, and some may just don't care about it.
And I believe that it's pretty necessary to have that kind of law, but the thing is I don't like if the government interfered with Bitcoin. Because Bitcoin shouldn't be governed by them.

[prabowo96]

You can refer to bitcoin as a cryptocurrency or as a product, so it's an good, if someone steal it, for sure this guy can go to jail.

The question here is how the law work because every country have their own law and most of them don't care too much about digital crimes.

[LiberOptions]

I think that Bitcoins can be considered has private property and as so they should be considered by the same laws that rule property. However in the future there should be a specific ruling related to digital assets theft

[Vikingr]

Yes it is possible and it will be if the governments approve bitcoin as a legal currency for their state and they create some laws for the regulation of bitcoin and that will be regulated in the country for the usage of bitcoin and it is definite that in that law stealing will be forbidden as it is just like other currencies so they will have a law on stolen bitcoins.

[Sharma]

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. 

First we must understand that every nation has their own laws and not all countries may necessarily make same law on same subject.
Second for enacting any such international law about bitcoin, btc needs to be a mainstream currency in many countries or atleast half of total world population must use it.
Although there must be some legal safeguards for bitcoin users also but I dont think such a interference will come out without any compromise for bitcoin users.
Governments may make it compulsory to disclose your total bitcoin holding etc

[JeffBrad12]

I highly doubt stealing Bitcoins would be the same as stealing cash, at least in my country. Mainly because not many people know what it is, and cops won't do anything if they are told to "search" for someone with the address x.

I said, the police will be unable for arrest you for using bitcoin, and they just running according to from the everything are regulating by the constitution.

Something is outside from the constitution aren't can get caught by the police at this time. except some are violating the rules of constitution.

[The_Dark_Knight]

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. 

A law like that is completely unnecessary theft is illegal no matter the form or the method you use, the same can be said about scamming and any other criminal related activity.

[requester]

Well you either have freedom or you have nothing and that is pretty much how bitcoin works in reality. You start making rules to track or attack people with your ideas and you kill bitcoin in the process. May not be right away but a gradual decline would for sure happen as the markets reflect the change. And no one cares to make law for bitcoin scammers.

[ashiqdey]

Bitcoin is itself illegal in some country and still some countries are hoping to ban bitcoin so who would come to make law for bitcoin. When bitcoin is itself illegal(not in all country) so can there be any law on bitcoin scammers. Government doesn't care who losses money from bitcoin and who gains. It really out of questions to make law on bitcoin and bitcoin scammers

[xhomerx10]

I highly doubt stealing Bitcoins would be the same as stealing cash, at least in my country. Mainly because not many people know what it is, and cops won't do anything if they are told to "search" for someone with the address x.

I said, the police will be unable for arrest you for using bitcoin, and they just running according to from the everything are regulating by the constitution.

Something is outside from the constitution aren't can get caught by the police at this time. except some are violating the rules of constitution.

 It seems you don't know the purpose of the Constitution of the United States of America.  You should do some research.