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Re: What if the US Government forced exchanges to close?
by
bootmii
on 07/02/2013, 02:42:32 UTC
Every heard of the website Megaupload?  So far, the US hasn't been able to extradite the executives of this website, but they got what they wanted.  They were able to shut down Metgaupload without any due process.
You mean they didn't get a conviction against Kim Dotcom, and they only got him to launch the all new Mega, which is generally a huge improvement and step forward from the old Megaupload.

Or what about The Pirate Bay. They've been trying to shut that down for years.. to no avail whatsoever Smiley

If exchanges were actually being forced to close (which I don't see happening), we'd see new exchanges appearing immediately on TOR, darknet, freenet, China, and whatnot.

No sir, there's no stopping Bitcoin for governments, bankers, or anyone.


Exactly. The US has no power over foreign banking (with the exception of outlying territories and Japan) to speak of.