4 ms·
Private transactions are not illegal and neither is creating or cloning a tool which facilitates them. Failing to disclose the commercial effects of those tran
by MacsHeadroom 4y ago
Private transactions are not illegal and neither is creating or cloning a tool which facilitates them.
Failing to disclose the commercial effects of those transactions on your own tax liability to the IRS is illegal. But that's orthogonal to cloning or using a tool which facilitates transaction privacy.
- JumpCrisscross 4y ago> Private transactions are not illegal They aren’t. But anyone using an open tumbler like Tornado is choosing to live a life of continuous arrest and asset freezing. Because while private transacting isn’t illegal, using a money laundering service will continuously put you on overlapping law enforcement radars, and all it takes for a mixer to become a money launderer is the wrong person to use it, something users can’t control. (If you’re the one deploying these services, lol, good luck.)