Quote from: Chin Cheng on March 14, 2017, 06:18:21 AM

Quote from: tetrisbattle on March 03, 2017, 08:30:37 AM

bitcoin has no central government so any of gov department cant track the transaction so some of the contry still bann for the bitcoin use Roll Eyes

Bitcoin does not have a central government but everything is transparent when it comes to bitcoin as you can check each and every transaction in the blockchain. So it is basically not a untraceable currency like you think it is.Why government are not approving is a different debate altogether as they might be learning about it.

Bitcoin may not be 100% anonymous, but it is quite difficult to trace the transactions back to a particular individual. I am not saying that it is not possible (for example a few users traced back the Sheep Marketplace thief), but it takes a lot of effort and time.