Post
Topic
Board Bitcoin Discussion
Re: Bitcoin mixing is NOT money laundering, per se
by
serveria.com
on 28/03/2023, 19:46:12 UTC
Some clarification is needed to this board due to the recent incident with ChipMixer.

To all advocates of anti-anonymous Bitcoin and Internet tools: Bitcoin mixing is NOT money laundering, per se.

Definition of money laundering:
Money laundering is the process of illegally concealing the origin of money, obtained from illicit activities such as drug trafficking, corruption, embezzlement or gambling, by converting it into a legitimate source. It is a crime in many jurisdictions with varying definitions. It is usually a key operation of organized crime.

Definition of Bitcoin mixing:
A cryptocurrency tumbler or cryptocurrency mixing service[1] is a service that mixes potentially identifiable or "tainted" cryptocurrency funds with others, so as to obscure the trail back to the fund's original source.

Unless you think that every potentially identifiable coin is obtained illegally (which would be false), Bitcoin mixing does not equate with Bitcoin laundering. While it is possible to launder, hereby conceal the origins of money from an illegal activity, it is not a money laundering service, in the same manner that while it is possible to terrorize with the assistance of end-to-end encryption and peer-to-peer protocols, such a messenger is not a terrorism service.


Privacy is #1 enemy of the governments in the modern world. That's the reason why we are approaching a 100% digital fiat cashless society (and then who knows a chip in your head?). They hate privacy and that's why they will keep stalking privacy services like Bitcoin mixers.