Post
Topic
Board Reputation
Re: How wide reaching can the consequences of Chipmixer money laundering be?
by
JollyGood
on 29/03/2023, 09:53:18 UTC
I guess you must not be too worried about the consequences at this point, right? Seeing as you are one of those participating in the highest paying campaign atm, which is also a mixer.
No I am not concerned because as with others I can make a distinction between promoting a service that provides privacy and one that could be misused if determined people (criminals) wanted to take advantage of, versus an out-and-out criminal enterprise.

If I get even the slightest bit of indication that either a scam or criminal enterprise is being promoted in my avatar or signature, I will remove them immediately. I had a very good deal with my long term signature partner and I am grateful for the opportunity to promote them but I moved on to whirlwind.money for now and will see how matters progress.

As far as I can see most of the responses are along the same lines as well. I believe the same. It's one thing if there was a regulation or law banning mixers. If there were, I think there could be consequences for knowingly advertising an illegal service . But I understand that there is no such regulation, what there is is suspicion by the authorities that they are used for money laundering and lack of cooperation in response to requests. So, it's a different story.
Yes, since most here share the view mixers are not banned therefore can be promoted then why not promote them however the issue goes further when it comes to privacy.

Mixers by default are supposed to be privacy based, that is their selling point. The notion of having regulated mixers would almost ensure they would not be shutdown by law enforcement agencies but it would defeat the idea because it would compromise client anonymity via AML/KYC. As that will not be happening any time soon (or ever), all mixers are basically open to allegations of money laundering and can be shutdown by various law enforcement agencies as and when they deem they have sufficient evidence to prosecute.

In my opinion, unless some form of evolution in mixing takes place where access of functionality is limited to criminals (or alleged criminals) or those with nefarious intentions then sooner or later all mixers will be shutdown either voluntarily or by law enforcement agencies.