First Bitcoin “mixer” penalized for violating anti-money laundering laws

Re:First Bitcoin “mixer” penalized for violating anti-money ... by freeone3000 on Tuesday October 20, 2020 @01:56AM (#24834307)

Those clauses are joined by an "or", not an "and". One element alone is enough to satisfy.

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Re:First Bitcoin “mixer” penalized for violating anti-money ... by jl2718 on Wednesday October 21, 2020 @12:59PM (#24849727)

Wow, okay, so pawn shops too I guess: https://news.ycombinator.com/item?id=20602562

If reporting is already required for all cash transactions, then certainly it will be built into the digital USD.

And Monero miners would have a problem here too. KYC required on every transaction in every block.

Okay, so, what if you did KYC on all the inputs, but you ran a mixer such that the outputs would be obfuscated? Is that legal? What if you take outputs from a set of those mixers? Is there any legal way to provide irreversible privacy for known legal sources?

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