Is Cryptocurrency a Threat to National Sovereignty?
For those interested in the world of investing, the growth in value of BitCoin in the past months and years have truly been exciting. The virtual currency is not only become well-known through its meteoric growth, but is gradually becoming accepted as a form of payment across multiple businesses in multiple countries. With increase in confidence that virtual currencies are now being treated much more than just an investment vehicle (like gold,silver, and other rare precious commodities ) but a real currency with real transactional value in everyday life, the number of people holding cryptocurrency like BitCoin is bound to increase. While BitCoin and other cryptocurrencies grow in value and popularity, there is one fact that cannot escape the minds of their investors. It is their identity as a holder of value lightly controlled and regulated by national governments. Monetary authorities do not issue BitCoins, nor do they buy or sell them (yet). As such, they have little abilitie