Like with speech, there cannot be truly free markets without the total freedom to transact . The US uses its status as the central issuer of the world's current reserve currency (the US dollar) and the world's reserve asset (US government bonds) to maintain its status as the dominant leader in the world. The US uses SWIFT payment network access to provide oversight over seemingly every transaction in the global financial system. "Know Your Customer" and "Anti-Money Laundering" regulations claim that nobody transacting has any right to privacy. The reality is that the majority of criminal activity in the world happens in US dollars—a much preferred network for crime than an unencrypted public...
From: Bitcoin Users Value Privacy