Post
Topic
Board Bitcoin Discussion
Re: Anything to worry about if you use mixers and not doing anything illegal?
by
Zlantann
on 20/12/2023, 21:39:27 UTC
Anything to worry about if you use mixers and not doing anything illegal?
Will any one come knocking on your door if you use mixers and not doing anything illegal?
Will posts like this be banned too after Jan?
Will using mixers be an expensive?


A member of the forum got a message from one of these centralised exchanges for him to clarify how he got funds from the wallet of Sinbad campaign. However, there have been no reports of anyone being questioned when the fund is transferred to a decentralized exchange. Mixers are legal in many countries but the government is scared that they could be misused. You don't have to worry if you are using mixers to mix legally acquired coins but it is better to avoid centralised platforms.

There is a draft law being prepared for it to be passed and become a law. Even in the United States, the use of a mixer is considered legal, and all the problem that occurred because of Sinbad’s signature was because the address of the signature campaign for that mixer was included in the OFAC list, but you can still spend your coins to any party that does not support  OFAC lists, especially since most mining pools do not adhere to it.

If the bill is passed into law exchanges and other crypto service providers will be mandated to record and report information about transactions that they suspect involve crypto mixers. The law will formally designate mixers as an area of “primary money laundering concern in the US.