Post
Topic
Board Bitcoin Discussion
Merits 4 from 1 user
Re: Operator of Helix Bitcoin ‘Mixer’ Pleads Guilty
by
Zedpastin
on 22/08/2021, 12:52:26 UTC
⭐ Merited by o_e_l_e_o (4)
Many others are running the same business but they are not money laundering. Money laundering and running a mixing service is different. Mixing services are allowed in most countries because it provides increased privacy but money laundering is not. If someone uses a mixing service it does not mean they have any thing to hide instead they could be increasing their privacy and do not want people they trade with to know how much money they have. They could still be declaring their tax to the IRS.