mixing=laundering
laundering=AML flag
AML flag= KYC
nothing more needs to be said
Mind explaining how by mixing my fully legitimate coins I am actually laundering my money? I thought laundering was legitimizing dirty money by making it appear clean. Does using Chip Mixer and Coin Join for the coins I purchased using my legally earned Fiat make me a criminal? What dirty money am I washing, or am I getting the definition of 'laundering' wrong?
I think we need to make a clear, bold border line between laundering and the will of having privacy. My Bitcoins have a history attached to them that I do not want this entire forum to see or a Blockchain Analysis company to process.
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Regards,
PrivacyG
Let’s also add that some people that were part of introducing AML legislations are money launderers or law breakers themselves. Just because justice systems worldwide operate under double standards, doesn’t mean that high tier individuals have clean records, even when they go unpunished. They demand the average citizen to become completely transparent with every single thing they do in their life, but can’t live up to it themselves.
People should come back to their senses again and not comply with every privacy violating legislation there is. We should ask ourselves first, who is actually demanding all this information about us? We’re the ones keeping the world running, not them. If they’re cheating and keeping their activity opaque, we should for sure not give these people all of our information on a golden plate. They’re not our friends and they also don’t introduce these measures to protect us from anything. If so, they failed hard and these legislations don’t achieve anything. Except damaging the people they’re trying to protect. Too many people still fall for false senses of security.