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Board Beginners & Help
Re: What if the US Government forced exchanges to close?
by
nanaimogold
on 07/02/2013, 23:10:36 UTC
Sorry for my newbie questions.  I'm totally new to bitcoins.

Is it possible that the US government could shut down bitcoin exchanges?
The kind that let you buy fiat currencies?

Thanks
Newbalicious 

Oh yeah, it will happen soon. The USSA ran off or imprisoned all the exchangers in '07. The ones that have started up there since are mostly still tiny but they will certainly get their turn.

Simply; It is illegal to gamble online in Usania therefore anything their inmates win is considered "proceeds of crime". Any exchanger cashing out gamblers in Merika is laundering money and a "special kind of terrorist".

The serious exchangers exist mostly in Russia and Canada.