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Re: Mixers to be banned
by
hugeblack
on 09/12/2023, 06:11:31 UTC
⭐ Merited by JayJuanGee (1)
Before, I didn't really understand your position on the KYC issue at all, but now I understand it a little better: You see KYC as fundamentally bad, and by "favoring" KYC services in any way, it supports the existence of "KYC-only zones", possibly diminishing "non-KYC zones".
1) Some mixers already have a Know Your Transaction (KYT) policy, will this be banned? Is it enough to add the phrase “The mixer can collect KYC data” in the terms of use?

2) In terms of allowing decentralized services, TornadoCash defines itself as an open source, non-custodial, fully decentralized cryptocurrency tumbler however U.S. Treasury Sanctions Notorious Virtual Currency Mixer Tornado Cash

If you noticed, the issue revolves around the United States’ desire to limit the activity of the Lazarus Group[1], so Tornado Cash, Blender.io[2] Chipmixer[3] and Sinbad[4] were banned more than it was a ban on mixers.

Therefore, I hope that the restrictions regarding the definition of mixer will be reduced, or at least that they will not be worse than the current wording.

[1] U.S. Treasury Issues First-Ever Sanctions on a Virtual Currency Mixer, Targets DPRK Cyber Threats
[2] OFAC sanctions virtual asset mixer for the first time to combat North Korea’s Lazarus Group
[3] ChipMixer was one of a variety of mixers used to launder the proceeds of hacks perpetrated by North Korea’s Lazarus Group
[4] Feds Seize 'Sinbad' Crypto Mixer Used by North Korea's Lazarus