Post
Topic
Board Bitcoin Discussion
Re: Bitcoin mixing is NOT money laundering, per se
by
Medusah
on 24/10/2023, 16:05:33 UTC
While we should be here discussing how to better protect our privacy - for example ZK proof for KYC/AML - we are wasting time on how bad governments are

Do you even know what ZK and KYC mean?  It is zero knowledge and know your customer.  How can you provide a proof that you know your customer if you have zero knowledge about him?

a retailer receives funds. and pays out funds. they are not defined as a MSB/MTS nor mixer

In FinCEN proposal it says that you can only use bitcoin through centralized exchanges that require KYC.  Their definition of "CVC mixing" is totally broad: https://fincen.gov/sites/default/files/federal_register_notices/2023-10-19/FinCEN_311MixingNPRM_FINAL.pdf, page 30.
Quote
The term “CVC mixing” means the facilitation of CVC transactions in a manner that obfuscates the source, destination, or amount involved in one or more transactions, regardless of the type of protocol or service used.