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Re: Mixers to be banned
by
jokers10
on 03/12/2023, 06:51:48 UTC
So even the providers of these services cooperate with the authorities and payments may not be processed if they are on the OFAC list, yet they are mixing services.

Yeap, I guess that probably that was mentioned in FIOD article under the point about KYT policy:

Quote
In the case of Sinbad.io, more than 50 percent of all mixed cryptocurrencies were found to have a criminal origin. In the case of Sinbad. io, there are no measures in place to implement and enforce a Know Your Customer (KYC) or Know Your Transaction (KYT) policy.

Of course we don't support criminal activity in Bitcoin or crypto, but according to the Chainalysis data just 0.12-0.24% of Bitcoin transactions is probably related with crime; and as for Bitcoin mixing, then more than 90% mixing is made by law-abiding people. So if mixers don't let to use their service for those who stole money by hacking different projects etc, most of mixer users will even not find that out ever.