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Topic
Board Service Announcements
Re: [ANN] ChipMixer.com - Bitcoin mixer / Bitcoin tumbler - mixing reinvented
by
jseverson
on 29/05/2019, 05:45:17 UTC
I guess chipmixer is going to stay, but why? And this "why" isn't simple question.

Probably because it's not doing anything illegal:

A mixing service will cut up a sum of Bitcoins into hundreds of smaller transactions and mixes different transactions from other sources for obfuscation and will pump out the input amount, minus a fee, to a certain output address. Mixing Bitcoins that are obtained legally is not a crime but, other than the mathematical exercise, there no real benefit to it.

The legality changes when a mixing service advertises itself as a success method to avoid various anti-money laundering policies via anonymity. This is actively offering a money laundering service.

[...]

Bestmixer offered a very clear page on why someone should mix their cryptocurrency. On this page Bestmixer described the current anti-money laundering policies and how its service could help evade these policies by making funds anonymous and untraceable. Offering such a service is considered illegal in many countries.

McAfee was involved in this case, so I can only assume that this was the real (official, at least) reason for Bestmixer's shutdown. If you don't want to open the linked article, it shows that Bestmixer had a page that basically tells you you can avoid anti-money laundering policies with its service. Chipmixer has nothing to worry about if this is the case.