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The thing I don't understand about mixing is that shouldn't it pretty much always be taken as an indication of money laundering? I can't think of any reason som
by opportune 9y ago
The thing I don't understand about mixing is that shouldn't it pretty much always be taken as an indication of money laundering? I can't think of any reason someone would need to mix / tumble coin if it were all legit.
Seems to me that receiving bitcoin from an address known for mixing should be an automatic red flag.
- diggan 9y agoYou might not want to paint a target on yourself by making known how much cryptocurrency you have, hence you'd like to keep it a secret. You could say the same thing if you'd live in Sweden and with "normal" money: "Taking out money from the ATM should be automatic red flag, since no one uses fiat except criminals to buy drugs."
- Rmilb 9y agoFinancial privacy. You can still report it on your taxes. Maybe some of the coins you now own were stolen and you just happened to get them from the exchange and you are concerned about the fungability of bitcoin in your legal jurisdiction.
- PaulAJ 9y agoYou might be running a business and not want to let your competitors know how much you are spending on advertising, R&D, and such like.