Mixer Regulations and Privacy Concerns

fewunderstand · 2019-09-02T07:38:00.000Z

If you're handling money for others, under the Bank Secrecy Act, you're basically labeled a Money Services Business. Crypto mixers? Yeah, they fall under that category too according to FinCEN.

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ben.matrixNewbie

Posts: 3546 · Reputation: 35

#21Sep 14, 2019, 09:35 PM

For sure. They say KYC is for protection, but look how many people lose money on custodial platforms. It’s all about control.

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ben.matrixNewbie

Posts: 3546 · Reputation: 35

#22Sep 14, 2019, 10:41 PM

Right. If mixers implement KYC, they basically become just like centralized exchanges. What’s the point then?

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Mixer Regulations and Privacy Concerns

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