When Is The Government Going To Shut Down Bitcoin?

Saturday, May 4, 2013
By Paul Martin

By Michael
May 3rd, 2013

Do you actually believe that the central banks of the world are going to sit back and do nothing while their monopoly over money creation is being threatened? Do you actually believe that the governments of the world are going to allow a digital currency that they have no control over to become “the future of money”? If so, then you are incredibly naive. Wars have been started over much less. The global elite are very, very sensitive when it comes to the creation of money, and Bitcoin has definitely gotten their attention. Yes, there have always been alternative currencies created by local communities, but none of those has ever been a real threat to the central banks of the world. The truth is that Bitcoin is different. It has the potential to really be something, and I expect a serious move to be made against Bitcoin before it explodes in popularity. If Bitcoin was solely a domestic currency, the U.S. government would have already shut it down long ago. The fact that it is a decentralized international currency makes things trickier, but without a doubt right now officials are thinking of ways to restrict the use of Bitcoin or shut it down altogether. Bitcoin is already being portrayed as a currency that attracts criminals involved in such things as tax evasion, drug dealing, gambling, terrorism and money laundering. In fact, the Wall Street Journal recently reported that the Treasury Department has ruled that money laundering rules will be applied to Bitcoin. But this is just the beginning.

At some point, the establishment will bring out the big guns. It is only a matter of time. And there are already some major banks that are shutting down the accounts of Bitcoin dealers. Just check out what is happening up in Canada…

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