Post
Topic
Board Meta
Re: Mixers to be banned
by
BlackHatCoiner
on 27/12/2023, 22:05:52 UTC
If I mine monero at a daily profit I am not money laundering.
Nor do I when using mixers.

If I mine monero at a loss and hodl it speculatively I could likely do it for 3 years before I have a tax issue and not money laundering but I would be forced to say it is a hobby.
I'm not in the USA, and I don't know how taxation works there. I suppose you report profit when selling coins? You make it sound as if the taxman will do blockchain analysis to tell whether your coins originate from illegal activity.

If I put coins in to a mixer in order to not be money laundering I need proof of full kyc
Unless you are not registered to a centralized exchange which imposes this policy. In my place, I use decentralized exchange when buying and selling. Again, I don't know how things work in the USA. Judging by the numerous malicious legislation presented by the FinCEN like this one, it wouldn't surprise me if exchanging decentrally can be considered as money laundering.