Post
Topic
Board Bitcoin Discussion
Re: CipherTrace Enters Race to Solve Crypto's FATF Compliance Headache
by
dothebeats
on 12/09/2019, 11:33:58 UTC
that means by this coming november, they are expecting mixers to register with FinCEN, perform KYC, and start filing currency transaction and suspicious activity reports! Roll Eyes

Which kinda defeats the main purpose of mixers IMO. One person mixes his coins because he feels the need to, and so the solution is to go to a service which tumbles and turns coins and ensuring that no one, not even the mixing service themselves, know who he is and why he's doing it. They are really closing in on the privacy that some of these services offer, and that's not good in any way.