Facebook bitcoin ban

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The category is not inherently misleading or deceptive. May I present to you Facebook CEO Mark Zuckerberg, on January 4, : With the rise of a small number of big tech companies — and governments using technology to watch their citizens — many people now believe technology only centralizes power rather than decentralizes it.

But they come with the risk of being harder to control. After all, finance is not the only area that is affected by false advertising. Maybe Facebook is cleaning house before adopting a cryptocurrency in one of its own offerings. Imagine Facebook accepting Ripple to pay for advertising or even Litecoin payments built right into Facebook Messenger. Or maybe, just maybe, Facebook is getting rid of the competition for its own purposes. Facecoin, anyone?

Regardless of your motive, Facebook, you can do better. Put in the effort to sort out the good ads from the bad ads. ProBeat is a column in which Emil rants about whatever crosses him that week. VentureBeat's mission is to be a digital town square for technical decision-makers to gain knowledge about transformative enterprise technology and transact.

Discover our Briefings. MetaBeat On-Demand Head over to our on-demand library to view sessions you might have missed from the live event. This act gave the Treasury secretary the power to force all individuals and corps to hand over all their gold coin, bullion, or certificates to the government. Many people disagreed with this EO and some of them fought this in courts too.

But in all cases, the Supreme Court upheld all seizures of gold as constitutional. Thus, ownership of gold was illegal in US for the residents of US until the s. This was until President Ford changed the law. Outlawing ownership of gold was not restricted to USA. UK government in banned its citizens from holding more than 4 gold or silver coins. Australia had a law in to allow gold to be seized from citizens. So governments have been able to ban ownership of gold by the residents in the past.

Can they do the same with bitcoin? How can the US government confiscate Bitcoin? It can be argued that the US government can pass regulation outlawing people from owning bitcoin in the same way they made it illegal for people to own gold. Then the government can use the law to compel companies like Robinhood, Coinbase etc to transfer bitcoin to the government in return for US dollars.

Note that these companies hold your bitcoin for you. So they control your bitcoin. And they have to comply with the law. But this is not all the bitcoin.