Arizona Bitcoin Trader Charged With Money Laundering

Thomas Costanzo, who runs a bitcoin services website that offers sales for bitcoin mining equipment and ATMs, was arrested in late April and initially charged with the unlawful possession of a firearm, which resulted from a previous conviction.

A new superseding indictment, unsealed this week, reveals that the government is pressing charges against Costanzo related to his digital currency activities. Costanzo was accused of exchanged $166,000 with undercover agents between May 2015 and April 2017, funds that were "represented by a law enforcement officer to be proceeds of specified unlawful activity", according to the indictment.

http://www.coindesk.com/arizona-bitcoin-trader-charged-money-laundering/

Well that escalated pretty quick.

I guess the US is really against cryptocurrency and the future for that matter. There has been a lot of negative response against the cryptocurrency industry in the US and that could be its downfall as there could be a possibility that the world will shift to cryptocurrency and those countries that embrace it will be the next leaders.