Re: Will Bitcoin mixers be considered illegal by worldwide governments?
Bitcoin mixer is very possible for money laundering. but for someone who wants privacy for the transaction this mixer is very useful. but of course the government does not want privacy of one's transactions. whether for the benefit of the government or to prevent dirty money that can escape the government track. but certainly this mixer is not in line with the government system.
Exactly. We could say that Bitcoin mixers are a double-edge sword. They can be used for both good and bad things. Mixers are useful for preserving one's privacy, or for laundering money. While criminals mostly use Fiat currency for money laundering, Bitcoin mixers can become attractive to them if prices stabilize across the market. Of course, the ends don't justify the means. I believe that if centralized mixers want to survive within the mainstream world, they would need to comply with government regulations worldwide. By implementing KYC/AML measures, centralized mixers could remain in the space for a long time. However, this would greatly defeat user's privacy as we know it.
As of now, Bitcoin mixers don't represent much of a threat to the government because they're not widely used within the mainstream world. Once they're used in mass, then expect for governments to take further action against these privacy services. Only then, decentralized solutions will survive as people adopt them for their own benefit. Decentralized mixing services would be completely censorship-resistant, making it harder for governments to take down anytime soon.
Nonetheless, as Blockchain and crypto expand their popularity within the mainstream world, governments will try their best to limit their growth (or stop them in their entirety) in any way possible. It will be up to the people, whenever they will continue to support these innovative technologies or not for the foreseeable future. Time will tell us if Bitcoin mixers are a failed idea or not. Just my opinion
