How can a goverment trace you have BTC?

[Bitcoininvestment]

Government wont be able to know that you have a bitcoin in any of your wallet since bitcoins gives its users and anonymous transactions. These anonymity is really useful since it enables us to escape from the taxes that is given by government but is also being abused by some and use it in illegal ways. Tracking anything from bitcoin would be really hard not only for the government but also to the people.

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[lotsky123]

Since bitcoin is done in a peer-to-peer network, I think no one knows if you have BTC's in your wallet.Not unless you yourself or a closed friend or anyone from your family who knows that you have it will reveal it to the government.Or maybe when you do a KYC(Know Your Costumer) policy when doing transactions like buying or selling of coins in the market.

[tunapa]

Actually its impossible to track whether anyone is having Btc or not. Even if they got the address to check the btc balance, the owner is still incognito. As of now, there is no kyc system that can track if anyone has btc and the owner respectively.

[tunapa]

Actually its impossible to track whether anyone is having Btc or not. Even if they got the address to check the btc balance, the owner is still incognito. As of now, there is no kyc system that can track if anyone has btc and the owner respectively.

[Wish 107.5]

Actually its impossible to track whether anyone is having Btc or not. Even if they got the address to check the btc balance, the owner is still incognito. As of now, there is no kyc system that can track if anyone has btc and the owner respectively.

I agree with you. Even bitcoin is in virtual world and there are too many hackers in ine country; I do not think they will be able to know if one person is having a bitcoin.

[careCentre7]

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?

With bitcoin, your transactions can be trace but identifying the person making that transactions can't be possible. The anonymity of bitcoin makes it difficult to discover the owner of the bitcoin.

[DoublerHunter]

Actually its impossible to track whether anyone is having Btc or not. Even if they got the address to check the btc balance, the owner is still incognito. As of now, there is no kyc system that can track if anyone has btc and the owner respectively.

I agree with you. Even bitcoin is in virtual world and there are too many hackers in ine country; I do not think they will be able to know if one person is having a bitcoin.

If they will get your bitcoin address even only one out of your overall bitcoin addresses then they can link up all your bitcoin address because with the use of blockchain explorer then they can look up at your address there by copying your address and just searching for the transaction that you have from the start up until the latest transactions.

[Bitfling]

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 think government can not identify owner bitcoin wallet. But government knowing your bitcoin transaction on exchange. Right now, many exchanger asking KYC for their customer and thats makes government knowing your transaction

[Yatsan]

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?

You would not get caught if you do not let someone caught you. It is as simple as you feeding an enemy, as long as you do not reveal your true identity the government will not know that you exist in this world. Even though they will going to use hackers to know your identity, as long as you did not put your real identity they will not know who the owner of the address is.

[Falmera]

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?

It is so hard to get caught  if you will not tell it to anyone or to the government officials. Or if there is no one who will trace your personal information.

[romeo111]

Bitcoin, the Internet currency beloved by computer scientists, libertarians, and criminals, is no longer invulnerable. Although bitcoin designed to protect privacy. It nonetheless generates abundant public data. Investigators try to connect the transactions publicly recorded in the bitcoin blockchain but they didn't connect.     

[Akpuv]

In my opinion, the government cannot know if you have Bitcoin. It is not possible for them to trace your Bitcoin as your name is not included in your Bitcoin wallet address. The only way they may know you participate in Bitcoin is if you have a local exchange you registered with that you may have provided your personal details including your bank account details. Else, you can have Bitcoin and remain anonymous in your country and deal or trade only with international exchanges. Very safe to do that way.

[yayat]

Bitcoin ownership can not be checked by anyone as long as you keep it a secret. If only you Corruption and money transferred to Bitcoin, then the government can not see where your Bitcoin is, because you own the Private Key.

unless later the government makes an order to you to open a private key that you can open yourself and see your money there already in the form of Bitcoin. but I harp you do not Corruption because it is just a parable only and as an example.

[whoisyourking]

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?

There is no way your government will discover that you own a bitcoin unless they will conduct an individual investigation about you, so the safest way here is dont use  bitcoin if you know that there is an investigation against you. Bitcoin is no use or not convertable to fiat in a country like yours.

[Delinquency]

I think they can find you easily. Yes bitcoin is decentralized system but we mostly don't use it that way. I use a local exchange to buy bitcoin. And they want to know all my information to secure themselves from law. So if government track my money transfers to exchange and force the exchange to give my info them, exchange do that. Congratulations, you're busted

If you dont want to that happen you should buy bitcoin unregistered way.

[irsykes]

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 you do KYC in some exchanger i think it is easy to gov trace you, because exchanger may can give law enforcer if they legalize ask about user's data and it can be do with government easily

[Sofiyah]

If there is an exchanger in your country, that's where the goverment can track anyone who has bitcoin. but if there is no exchanger, I think the goverment will be difficult to trace. because of the exchanger, goverment can know the data of anyone who uses bitcoin or crypto. if your goverment knows you're using bitcoin, your bitcoin will be burn or what?

[megaradux]

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?

Many exchanges need you to have a phone number or even a valid national id in order to have an account. Goverments can use that to trace you down if you cash out withouting paying taxes.

[Bruce1614]

Bitcoin exchanges are unknown and they are for all intents and purposes untraceable. That is the reason in my nation the main thing that can give you a chance to be resolved you are a digital money client is that on the off chance that you just glaringly say that you have tinkered with them notwithstanding for only a smidgen as the comprehension would consequently be that you are in bitcoin undeniably more and every one of the assets in the bank are related and are being utilized to it which I think can be circumvent.

[classictee]

It will only be easy for them to trace you have btc when someone make use of centralized exchange that is compliance with AML because through that the government can contact exchange to get some one details...