BitRentXx
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June 09, 2018, 12:31:08 PM |
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The government can track your bitcoin through data provided by bitcoin exchanges. In addition, if the government threatens exchangers that if they do not provide clear data on the list of exchanged bitcoin users, the government will revoke the business license for exchangers.
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Even if you use Bitcoin through Tor, the way transactions are handled by the network makes anonymity difficult to achieve. Do not expect your transactions to be anonymous unless you really know what you're doing.
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Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
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gogrowglow
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June 09, 2018, 12:36:02 PM |
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The whole concept of bitcoin is focusing on decentralization, meaning there is no middle men to record your identity in your transactions, bitcoin provides anonymity of each users, cracking it down is very impossible. The possible way for them to know is if you use a local wallet to transfer or transact money within your country. If you withdraw using that wallet or withdraw using banks and local establishments, that would be the time government can trace you. The best way, I think to keep your Bitcoin from the government is do not advertise your Bitcoin.
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yinpok
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June 09, 2018, 12:42:55 PM |
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it may be difficult for Government to trace you but with time,there may be a way out if not the banning will be useless
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CryptoBeefy
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June 09, 2018, 12:45:21 PM |
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It all depends on how careful you have been. For example, ever registered with exchanges, linked addresses for on there, provided proof of who you are, ever done kyc for airdrops, bounties etc
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crypto3644
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June 09, 2018, 12:48:37 PM |
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the bitcoin is very easy to track simply look for your ip associated with your wallet I read an article where they said that they already have identified the owners of bitcoin
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Chaelbrin
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June 09, 2018, 12:48:45 PM |
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From what I comprehend, the legislature will have the capacity to follow the exchange with BTC that you made when you cashout it on an installment handling foundation/organization in your nation. They'll have the capacity to do that on the grounds that a large portion of these organizations expect you to give KYC records before letting you cashout your cash from them. This will be the main thing that I can consider where they'll have the capacity to interface your name to any BTC exchange.
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Sexie
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June 09, 2018, 01:02:13 PM |
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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 a decentralised currency that government can hardly trace it .You must keep safe your bitcoin into a Very safe wallet that no one can trace it. You must be careful of opening some of the Links in your gadgets that can leads of tracking you. Some people just move to other Bitcoin friendly countries just to monitor their bitcoin or even exchanging it into cash that nobody Will questioning your identity. |
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poletando
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June 09, 2018, 01:22:27 PM |
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The government can't track you unless you are using an exchange with KYC required. If you able to buy and sell your crypto using local buyers and sellers then there is no way to get hunted.
yes its true that it only happen if the exchange have the KYC for all costumer and the government use that for see who is the holder of bitcoin, buy unfortunately if the country banned bitcoin in that country I think it will banned all exchanger that already exists in that country too right? |
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dupee419
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June 09, 2018, 01:28:03 PM |
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Since bitcoin is anonymous the government can hardly trace your bitcoin but once you have been traced, I am no good at this but If they can either trace you through your ISP, and trace your activities, then that is where I think they can know you are holding in bitcoins and if it is illegal in your country then you'll get arrested, though I am not quite sure, correct me if I'm wrong.
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Radio-Active
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June 09, 2018, 03:24:21 PM |
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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?
They can discover your bitcoin if they look the data of your exchange. Usually exchanges require KYC and you must submit your identity. The exchange will have your information, and could give it to them if it legally require by them. Your exchange address will have a record to your personal address if you used it to do transactions. |
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nydiacaskey01
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June 09, 2018, 03:31:55 PM |
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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?
I guess when you start using a local exchanger to convert your BTC to Fiat thats the time you expose yourself as a Bitcoin user but as far as the Government can trace your whereabouts to make an arrest they need to dig deeper on your personal information so they can start looking for you. In my country a local BTC Exchanger needs to be registered in the Central Bank. If you plan to create an account to a local BTC Exchanger, you need to provide a government issued ID. Some Banks in our country will ask the source of funds, meaning, where do we get the money that we will deposit, if we say coming from Bitcoin trading, there's a chance that they will not allow you to open an account. |
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Nanknink boy
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June 09, 2018, 07:58:34 PM |
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The government has no way to track your BTC usage because no one in this world has ever known whether or not you own it. Unless you decide to show off your identity.
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Nanknink boy
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June 09, 2018, 08:07:21 PM |
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Bitcoin has brought the first revolution in the world's financial system and on the bitcoin will face many challenges that need our support and positive thoughts that will help it to succeed in financial markets
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iyamoxjhian
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June 09, 2018, 10:15:58 PM |
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Yes that's right! Bitcoin is anonymous. You will not get track unless on the way how you do receive your exchange. Here in my country, if you're going to use your bank account, and you declared in your bank that you are receiving money only for your businesses and you are receiving very huge money which is seems inpossible to earn it for a couple of months lets say 3 to 6 months with a very huge amount. And you are earning it regularly like what we know how we earn in doing bitcoin. Plus, you are part of government employees wherein we have statement of assets and liabilities every year and your declaration in your sources of income is so impossible with the amont you have in your bank account then you will be track at all. But if your going to receive your exchanges through other channels then it's anonymous.
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bce
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June 10, 2018, 06:06:45 PM |
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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 indeed bitcoin is prohibited maybe the government will create a security system that can track its users may be through the transaction process or the sale process can be traced |
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BelieveInBTC
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June 10, 2018, 06:22:55 PM |
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Bitcoin transactions are not anonymous. Many people think that they can use Bitcoin for any illegal activity and they will not get caught. If you want to avoid this, you could use Monero which is far more anonymous than Bitcoin or use Bitcoin mixing services which for a small fee will do the work for you. It's good if you don't want to use any other altcoin. Governments have tools which help them to track your transaction.
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collision00
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June 10, 2018, 06:44:53 PM |
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until the point that correct now as I realize that proprietor of the bitconi can't traceable, in light of the fact that there are numerous address and the proprietor on the planet, and I think its too difficult to recognize who is the proprietor, I think your nation is begin to blocking bitcoin webiste, all related with bitcoin like nearby exchanger and some more, they begin to square it until the point that people groups in their nation can't get to bitcoin arrange
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emmybd
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June 10, 2018, 07:07:54 PM |
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Bitcoin is anonymous, so the government can't trace you, if you don't do silly things. That's why, bitcoin is so popular among many people, they believe it can't be traced.
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goldade
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June 10, 2018, 07:10:01 PM |
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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?
I particularly do not think it is possible for the government to know you are a bitcoiner except you are careless with your identity details depending on the exchange platform you use. This is so because one of the very major features of bitcoin is decentralization which means transactions are made without middle men to track it. Another reason the government can't track you is because all of the transactions in bitcoin are anonymous and so cannot be tracked. |
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Inikoo
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June 10, 2018, 07:32:51 PM |
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I don't think my government would have the capacity, and knowledge, to find out, who are the Bitcoin owners. But centralised infrastructures, such as exchanges are definitely the weak points in this matter.
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