3 ms·

"onchain mixers" = provable intent of money laundering.

• yieldcrv 3y ago
  money laundering requires an illicit source obfuscation isn’t enough ironically it means that successful money laundering can never be prosecuted, and it has to be a tacked on charge to unsuccessful money laundering unlinking your transaction history from pocket watchers uses the same techniques
  • o11c 3y ago
    "I didn't know the money-laundering system I designed and implemented would be used by actual criminals" doesn't sound like a defense that would hold up in court.
    • yieldcrv 3y ago
      > It’s eventually just going to give a monopoly to a domestically deployed mixer that the creators walk away from, or that one of the United States states or agencies deploy and walks away from for domestic sovereign deployers: there will be no prosecution because of immunity for users: there will be no prosecution because prosecutors haven't proved the source was something illegal to begin with for sanctions: OFAC can't apply to domestic properties, and as we've already seen, onchain mixers don't stop working just because of the sanction, they are autonomous crypto asset concepts get more resilient the more they get attacked, these are the paths that are just a matter of time after that kind of attack