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Re: Are no-KYC services banned?
by
Poker Player
on 08/05/2024, 02:31:05 UTC
⭐ Merited by philipma1957 (3)
The problem is not in "kycfree" or "only-Tor", with a 99% probability the thread was moved to the archive because the interface allows you to exchange "BTC for BTC".
I use the onion site again and wanted to use it to exchange bitcoin for bitcoin and I saw that you are right. The site would be said to be a mixer because of that. An exchange should be a platform that one coin can be exchanged to another and not the same coin. If it is the same coin it is a mixer.

What if I use Bitcoin to exchange it for a shitcoin, and I use those shitcoins to buy Bitcoin again?

You can expand this to bridges that allow users to bridge from one cryptocurrency to another cryptocurrency.

So if the expansion is right in the concept, will cryptocurrency bridges, from one blockchain to another, from layer 1 to layer 2, will soon be classified as mixers in future.

I am very curious that will bridges become next targets of SEC. and DOJI.

This. In the end, legislation will prohibit any movement of funds that is not perfectly identified KYC, as a bank transaction, regardless of whether it is from Bitcoin to Bitcoin or with shitcoins in between. I have been saying this for a long time and have been barked at for it, but anyone who does not see the way this is going is willfully blind.