Last Updated on April 8, 2024 by Paganoto
Can a cryptocurrency like Bitcoin get hacked or shut down?
Can a cryptocurrency like Bitcoin get hacked or shut down?
As Bitcoin is decentralised, the network as such cannot be shut down by one government. However, governments have attempted to ban cryptocurrencies before, or at least to restrict their use in their respective jurisdiction. Governments could still try to jointly ban Bitcoin.
Regulating Bitcoin – Stanford Computer Science
Regulating Bitcoin – Stanford Computer Science
One remedy may be to not shut down Bitcoin directly, but apply the legal code requiring all money transmitters to have licenses to Bitcoin.
Is it possible for Bitcoin to completely shut down? – Quora
Is it possible for Bitcoin to completely shut down? – Quora
Bitcoin will be considered “shut down” if people abandon it completely. But as long as some people are interested in running it, people will keep running it.
No, the government can't shut down cryptocurrency
No, the government can't shut down cryptocurrency
No, the government can’t shut down cryptocurrency. US President Joe Biden isn’t going after your bitcoin, despite online claims he’s using …
Why Fears Of A 'Government Crackdown' On Bitcoin … – Forbes
Why Fears Of A 'Government Crackdown' On Bitcoin … – Forbes
Bitcoin is somewhat resilient to government crackdowns because of its origin, and the way the network is built.
Why criminals can't hide behind Bitcoin | Science | AAAS
Why criminals can't hide behind Bitcoin | Science | AAAS
Bitcoin, the Internet currency beloved by computer scientists, libertarians, and criminals, is no longer invulnerable. As recently as 3 years ago, it seemed …
Why Governments Are Wary of Bitcoin – Investopedia
Why Governments Are Wary of Bitcoin – Investopedia
In What Do We Trust?
Crypto Ban: Experts Say DeFi Cannot Be Shut Down By …
Crypto Ban: Experts Say DeFi Cannot Be Shut Down By …
Only on-shore crypto companies would be affected. Bitcoin and cryptocurrencies are, after all, decentralized, meaning they cannot be shut …
No One Can Shut Down Bitcoin, Says Binance CEO CZ
No One Can Shut Down Bitcoin, Says Binance CEO CZ
It is already impossible for a single entity to kill bitcoin and its underlying blockchain technology, so state governments and regulators …
What Would Happen to Bitcoin if there Were No Internet?
What Would Happen to Bitcoin if there Were No Internet?
The bitcoin blockchain will stop synchronizing in the event of an internet shutdown. The ledgers will immediately stop recording bitcoin …
Pagaonoto is an SEO editor and cryptocurrency researcher for various publications.