Crypto is considered a "dramatic transfer" of power by libertarians. It's a way to aid financial crime, according to the feds.Crypto BustIt is no secret that cryptocurrency has a problem with criminality. It is frequently used to launder money and buy illegal contraband.That is a fundamental premise of blockchain tech. It is a hyperlibertarian dream to exchange money and other assets with no government intervention.The Verge now reports that federal agents raided a libertarian cryptocurrency group in March. Bitcoin Embassy, Keene, New Hampshire shines light on the blockchain-based cryptocurrency run by libertarians and the governments suspicious of their activities.Bitcoin LibertarianismAccording to The Verge federal agents stormed into an organizers home after smashing an armored personnel vehicle into the side. They seized $180,000 cash, a 100-ounce Swiss silver bar and physical Bitcoins valued at more than $4,000,000 today.AdvertisementAdvertisementIan Freeman, a local libertarian activist who was involved in the organization of the Bitcoin Embassy, and Aria DiMezzo are currently facing unlicensed money transmission charges. They are being held on bail. According to The Verge, the conditions of their bail will not allow them to leave home, trade Bitcoin or communicate with co-defendants.Freeman and other libertarian Bitcoin supporters believe that crypto is the future, despite government efforts to stop anonymous money exchange.He told The Verge that they can't control Bitcoin. They hate Bitcoin because of that.READ MORE: THE SACKING A CRYPTO MCCA [The Verge]AdvertisementAdvertisementBitcoin price suddenly shoots up
