Is it legal to mix cash in a jar? How is Bitcoin mixing any different?

Re:Is it legal to mix cash in a jar? How is Bitcoin mixing a... by ensignavenger on Tuesday November 21, 2023 @07:29PM (#38372766)

Form an LLC, with you and 10 others as members. Open bank account for the LLC. Now you have your account. Maybe the LLC could be called "A1A Car Wash LLC".

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Re:Is it legal to mix cash in a jar? How is Bitcoin mixing a... by VincentEvans on Tuesday November 21, 2023 @07:46PM (#38372957)

And when one of the other members of the said LLC happens to be facing felony charges - chances are you too will find yourself involved in an investigation.

… which is normal and expected, as we all have been taught by our parents not to be getting into cars and banking arrangements with strangers.

But I suspect that the interested parties here want to avoid the inconvenience of facing charges.

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Re:Is it legal to mix cash in a jar? How is Bitcoin mixing a... by xyst on Tuesday November 21, 2023 @07:50PM (#38373021)

File Incorporation papers in Delaware. that’s about as anonymous as it gets.

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Re:Is it legal to mix cash in a jar? How is Bitcoin mixing a... by RandomBK on Tuesday November 21, 2023 @08:21PM (#38373316)

Yea, that's not going to hold up to a federal investigation.

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Re:Is it legal to mix cash in a jar? How is Bitcoin mixing a... by akerl_ on Tuesday November 21, 2023 @07:32PM (#38372803)

I mean, at this point you’re just reinventing normal, boring money laundering.

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