I'm really curious how the Canadian gov't thinks they can take peoples bitcoins.
Are there circumstances where this is possible, ie, your holdings are kept by a 3rd party?
I don't know the first thing about cryptocurrencies, so I'd need someone who does explain that to me.
Are there circumstances where this is possible, ie, your holdings are kept by a 3rd party?
I don't know the first thing about cryptocurrencies, so I'd need someone who does explain that to me.
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@shebang If they are held by a third party yes. Bitcoin is very easy to track because the entire blockchain is public. If your wallet is linked to your actual identity (I assume Canada requires Bitcoin ATMs to ask for ID) then they can easily track you even if you store your coins on a hardware wallet.
Luckily, there are anonymous currencies like Monero and PirateChain.
