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It may be, depending on your definition, but the term "money laundering" has a distinctly criminal connotation. Bitcoin mixing is more analogous to paying for s
by algorias 13y ago
It may be, depending on your definition, but the term "money laundering" has a distinctly criminal connotation. Bitcoin mixing is more analogous to paying for something with cash withdrawn from a bank account rather than making a bank transfer directly.
- consonants 13y agoMoney laundering is the process of concealing sources of money. If the IRS found out Western Union was trying to cover it's tracks of who sent/received money they would be investigated immediately. Laundering implies you have something to hide, most likely tax dollars or ill-received profits.
- bobwaycott 13y agoMoney laundering is the process of concealing illegal sources of money.
- consonants 13y agoMoney laundering is the process of concealing sources of money. Period. The act of purposefully laundering legitimate income is criminal.