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Why is it harder to launder eth? You can just exchange them to monero on a non KYC exchange.
by Vinceo 6y ago
Why is it harder to launder eth? You can just exchange them to monero on a non KYC exchange.
- paulpauper 6y agoKYC exchanges don't really exist anymore because they were abused in 2017 and thus either forced to close or comply with regulation (such as the wannacry ransomware virus, in which the criminals laundered their BTC into monero on shapeshift, which at the time had no KYC). Second, cross-chain exchanges may not be possible in a fully trustless manner.
- Acrobatic_Road 6y agowrong and wrong of course. Shapeshift just DROPPED its KYC. https://erikvoorhees.medium.com/no-more-kyc-with-shapeshift-6d95a3e63ddf https://erikvoorhees.medium.com/no-more-kyc-with-shapeshift-... >Second, cross-chain exchanges may not be possible in a fully trustless manner. Monero <-> Bitcoin atomic swaps (codename: farcaster) are coming later this year. In the mean time, you can use Bisq.
- paulpauper 6y agoread the whole thing. KYC only dropped for ERC 20 transactions , which uniswap already does and is not the same as a cross-chain transaction. The abiltiy to exchange erc 20 tokens is native to Ethereum.
- Acrobatic_Road 6y agoexpect them to drop KYC for other transactions as soon as the technology becomes available to do so
- hanniabu 6y agoIt's not harder. This person doesn't really know what they're talking about.
- intotheabyss 6y agoEven easier than that. You just send the funds through tornado.cash.