Can the Government shut-down Bitcoin? What This Means to You

Can the Government Shut Down Bitcoin?

According to the law of the land, the government of any country holds the ability to enact any number of prohibitive legislation that applies or relates to any behavior or activity.

Legislative reforms like these are used by the government to distinguish and control activities that are legal from those that are banned or regulated.

Speaking from a strictly technical viewpoint, the 2012 European Central Bank Report on Virtual Currency Schemes of late 2012, states that there is no legal argument preventing nations from regulating or banning virtual currencies.

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