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Re: After Chipmixer, Is Sinbad.io Next To Be Shutdown?
by
LoyceV
on 01/12/2023, 09:23:25 UTC
Coindesk have the update on their website.
I'm surprised they've "banned" only 2 Bitcoin addresses: one was used for signature payments on the forum, the other holds just $67 worth of Bitcoin and never sent anything.

Why in the world would any mixer that wants to remain in business for the long term accept funds that are so tainted
What if it's the other way around, and that's the reason the mixer was created in the first place?

I think there is a clear difference when a mixer is being used to mix for the average person conducting non-criminal acts for the sake of increasing privacy and an enterprise that has been created with laundered money to offer a mixing service
Even worse than that: the latter needs the former.

Though this is my personal observation, the government is doing all these to destroy Bitcoin since they could not destroy it directly so they have to enter it from the window to destroy everything, Andy they are attacking any company that connected to Bitcoin activities
It's the opposite: what I read about Bitcoin in this case is actually quote encouraging:
A cryptocurrency mixing service is not necessarily illegal.
While we encourage responsible innovation in the digital asset ecosystem, we will not hesitate to take action against illicit actors.
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The ultimate goal of sanctions is not to punish but to bring about a positive change in behavior.