B's balance with A and C fluctuate during the transfer, though, and that is enough to at least make it look like a money-transmitter relationship. The onion ro

B's balance with A and C fluctuate during the transfer, though, and that is enough to at least make it look like a money-transmitter relationship. The onion routing is very unfortunate, because it means regulators are likely to treat the network as a blatant money-laundering tool.