Could there be a law on stolen bitcoins?

[victoryboy]

If there are still some flaws and there are for sure related to legislation regarding cryprocurrencies in future. It is just beginning hardly Bitcoin came under some some rules and regulations. There will be strict laws in future and offenders will be treated same as they of now if they steal money of someone. There is much to be done about Bitcoin and digital currencies by governments.

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[Diced90]

It would be nice to get the  cyber criminals behind bars as the give bitcoin a bad name....but am sure if there is a money trail and possibly have something like a blockchain which shows addresses having  stole funds....mixing providers would certainly refuse such transactions

[markyminer]

I agree we should have law on bitcoin but it set by government and for now bitcoin not an authorized currency, so nothing to do with it.
Even we have the law, so hard to track down the thief since bitcoin transaction made anonymous and hard to proof that your bitcoin has been stolen if your wallet been hacked.

yes that is the main problem as bitcoin is not a legal currency and still not a single country consider it as legal therefore there is no law for stole bitcoin, we have a very clear example of bitfinex, what kind of step take against the hacker i think still in useless.

[richardsNY]

It would be nice to get the  cyber criminals behind bars as the give bitcoin a bad name....but am sure if there is a money trail and possibly have something like a blockchain which shows addresses having  stole funds....mixing providers would certainly refuse such transactions

Hackers with brains won't make use of well known Bitcoin mixers with the risk of having the stolen coins frozen. They either mix the coins themselves as they most likely have the knowledge to develop their own mixing system backed with a solid algorithm. Or they somehow end up selling these coins at a significant discount.

[prabowo96]

It would be nice to get the  cyber criminals behind bars as the give bitcoin a bad name....but am sure if there is a money trail and possibly have something like a blockchain which shows addresses having  stole funds....mixing providers would certainly refuse such transactions

Hackers with brains won't make use of well known Bitcoin mixers with the risk of having the stolen coins frozen. They either mix the coins themselves as they most likely have the knowledge to develop their own mixing system backed with a solid algorithm. Or they somehow end up selling these coins at a significant discount.

Don't know what they do, never heard about that mixing system... I think they buy some altcoins like monero and others anonymous alts so in this way they can buy bitcoin again sometime...
Hope one day someone find a way to deal with hackers and scammes...

[canah17]

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. 

Well all i know is there is no law about it because its your responsibility to have that bitcoin you must be wise up and think because i am a victim of that stolen bitcoin thing i really didn't knew that it was a scammed i thought that its very nice to have a high security wallet and i rely on it i saved up much bitcoin from it and i really saved up 5.0 btc yes its true 5.0 damn its so big and all gone in a sec i search how to report the website but i filed up but today i don't have any replies i hope the creator of bitcoin can trace the website so that they can take my money back what they stole from me if there is a law about it its not that really special in the real world because its just normal playing games to them

[jak3]

no these problems are just a bad side of the extra features like anonyousity and those milletry grade security. thats why no one can easily track down those bitcoin scammers and if anyone tries to do that then they have to breake these rules

[Doamader]

How could be a law for stolen bitcoin if bitcoin its currencie decentralized and without any rules, you are at crypto world and you know the risk associated to them, all the data stored at your computer its up to you to take care about your coins as your data.

[The_Dark_Knight]

It would be nice to get the  cyber criminals behind bars as the give bitcoin a bad name....but am sure if there is a money trail and possibly have something like a blockchain which shows addresses having  stole funds....mixing providers would certainly refuse such transactions

Criminals must pay for their crimes no doubt about that, but the ones giving bad name to bitcoin are the banks through the media by saying that only cyber criminals use bitcoin.

[MingLee]

If they really tried I'm sure that there could be a law about stolen Bitcoins, however investigations would likely be lengthy and there is a high chance it would lead to nothing happening if the person takes enough precautions to prevent people tracking them.

Plus getting laws about stolen Bitcoin bring a ton more other laws along with them, so it might not be worth it.

[nara1892]

It is illegal but even we have the law stolent bitcoins it is impossible to trace those thieves since bitcoin is anonymous and you can use bitcoin mixer to be anonymous your transaction and done you are far to  caught by NBI or police..
And there is a law even in bitcoin there should be a laws and punishment for those thief's

If a community wants to make a law on bitcoin stolen, they should have prepared a program that can discover or recognize the thieves. they should have some preparation of course, because it is not easy to find thieves because there is the so-called bitcoin mixer. the thieves probably use kind of thing to be anonymous, so their identities will not be known.

[Indrawan77]

I dont think there will be any law regards to bitcoin because there are still no one controlling bitcoin, so this is one of the bitcoin weakness and it is hard to track who own the coin, so it is difficult to know who is the person responsible for the criminal act and up until now there is still no party who is able to freeze the wallet account

[Dwetha]

No I do not think that there will be putted a low on because its hard to do that and maybe even impossible to be honest.

[darklus123]

Stealing of anything is illegal and this is the crime everywhere in the world. There is no need for separate law to protect just Bitcoin. And no country would make such law.
The difference and also the problem with stealing Bitcoins compared with stealing fiat is the greater anonimity of Bitcoin transactions so it's much harder to trace them.

And this is the main reason why bitcoin should be used for illegal activities. People right now tend to be more vigilant than before. The were a lot of cases proven that the criminals who uses bitcoin's were punished regardless of how hard can we determined the person it is still impossible to do so.

[diegz]

No I do not think that there will be putted a low on because its hard to do that and maybe even impossible to be honest.

Nothing is impossible if the government wants to. Just like some countries, came up with cyber crime law. soon enough I am sure that there will be a law about online thieves, though its hard to impose those, but I'm sure thru time, it will be polished and become effective.

[olubams]

Yes there will could be law on stolen Bitcoin if there is a law recognising Bitcoin as a currency then stealing it becomes illegal then it can be enforced by the enforcement officer designated by law until that nothing will happen and if any enforcement officer wants to act then he will be acting ultra-vires over here, there are several things that are immoral but since the law is not there to make it illegal then there is nothing that can be done...

[springgers]

Yes there will could be law on stolen Bitcoin if there is a law recognising Bitcoin as a currency then stealing it becomes illegal then it can be enforced by the enforcement officer designated by law until that nothing will happen and if any enforcement officer wants to act then he will be acting ultra-vires over here, there are several things that are immoral but since the law is not there to make it illegal then there is nothing that can be done...

Bitcoin is legal in a lot of countries.

Anyway if you have bitcoins in your wallet, it's something that belongs to you so if someone steal it from you, for sure the guy can be accused at least from hacking.

The problem here is how to find the guy.

[Xester]

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. 

 Theft is illegal in every country on this earth.  Where are you from? 

I'm just talking about bitcoins here. A Law On Bitcoins Stealing. Not on theft as general term. By the way, i'm from earth  

Hahaha! yes! he was just talking about the law for stealing bitcoins. I hope that somebody can impose a law so that bitcoin users can also have protection. I've heard so many complaints about stealing of bitcoins but it seems nothing happens because where can they go for their complain? and what if this things happens to me? where can i run?

[requester]

Since bitcoin is pseudonymous so I think making law will go in vain because it would be hard to detect nad find those criminals. They would use VPN, and special proxy settings along with other security  to access internet and no one would able to find them. But less skilled one will get caught.

[TastyChillySauce00]

Since bitcoin is pseudonymous so I think making law will go in vain because it would be hard to detect nad find those criminals. They would use VPN, and special proxy settings along with other security  to access internet and no one would able to find them. But less skilled one will get caught.

you don't know the actual meaning of pseudo-anonymous do you?
here's the some explanation

Pseudo-anonymity is the appearance – but not the reality--of anonymity online.

so the law will not go in vain,actually every of bitcoin's transactions can be traced by using blockchain explorer and those transactions history can't be deleted,it will stay forever