Can we see coin mixing services as money laundering services ? - page 4.

senyorito123

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Quote from: Sharma on September 18, 2016, 05:19:53 AM

Quote from: Jiuks on September 17, 2016, 03:56:50 PM

I dunno what to thinks about this services.. do they make money laundering easier Huh

No.Money laundering involves various channels to hide where the currency gone and is shown different source in accounts.
Bitcoin mixing will make your coins anonymous but it wont change value of your coins once you convert it to fiat hence it will remain accountable

I think he's pointing about making the life of launders by using mixing services and i would say yes its because if their launderd money will pass on mixer well it can make their stolen money untracable and anonymous and i think many frauds are using that service just to wash their dirty money so they can use it without fear to be trace up and thats the reason why we can't trace those hyip owners who turned scam.

dollarneed

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There's always negative and positve, however the mixng service just provide a service in order to protect the anonymity due to the bitcoin transaction itself is pseudonymous, they don't care those money where came from,is money laundering? or something else ? what can i say it's depends on people who use it, but the most important this business will never die, at least bitcoin transaction being anonymous like monero but i think it's impossible.

Sharma

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Quote from: Jiuks on September 17, 2016, 03:56:50 PM

I dunno what to thinks about this services.. do they make money laundering easier Huh

No.Money laundering involves various channels to hide where the currency gone and is shown different source in accounts.
Bitcoin mixing will make your coins anonymous but it wont change value of your coins once you convert it to fiat hence it will remain accountable

gentlemand

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Quote from: Jiuks on September 17, 2016, 11:01:39 PM

My opinion was that these services owners were unmoral persons who made profit thanks to criminals, murderers, drug cartels money lauderin wishes..

What use would a murderer have for a mixing service? And drug cartels traditionally have a slightly higher turnover than the average mixing service can handle.

It's sensible to cut the link between your coins and their past.

Pursuer

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yes and no.

there is always going to be discussion about how people want to keep anonymous to prevent invasion of their privacy and how some small portion of these people are bad people trying to hide some illegal action they have performed using the same system as their cover up!

but this never makes the main purpose of mixing bad. mixing is made to help us improve our privacy and keep anonymous.

JeffBrad12

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Quote from: Jiuks on September 17, 2016, 03:56:50 PM

I dunno what to thinks about this services.. do they make money laundering easier Huh

That's, it's possible for calling that like laundering service because the purpose for using a mixer for eliminating your trace and I think this service is the reliable service for who wanna for laundering their money.

Jiuks

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You all mentioned positive and negatives points so I still dont know what to think.. lol

My opinion was that these services owners were unmoral persons who made profit thanks to criminals, murderers, drug cartels money lauderin wishes..

Do we have proof these services are really used by that type of persons or is that just platforms used by few paranoids geeks or persons who really needs anonymity Huh

unholycactus

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Something special about mixing is that there's no guarantee you will get clean coins. Most of the time you'll actually get coins that come from undesirable sources (since some people are getting rid of them).
I view it more as a tool to protect your anonymity and not as a way of getting "clean" coins.

xuan87

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i personally think yes, the main idea of money laundry is get rid of the money track so nobody can find out the source of your money, well in this case the mixer main job is to give the coin new address that difficult to be track, as i can see there are similarities money laundry with mixer job, but mixing coin is not always considered as a bad things, sometimes you need to mix your coin so your address is more secure

European Central Bank

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they make anonymity possible. that's way more important than money laundering. even if you're doing nothing wrong, sometimes you gotta mix. for instance anyone anywhere who wants to gamble is gonna get shut down if they use coinbase without mixing even if gambling is fine in the country they live in. us law gets everywhere.

onlinedragon

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Well that is hard to say maybe you can ask yourself first the question is Bitcoin actually money. Also not only coin mixing services but also exchanges could be used. But atleast you can say that a lot of people who use a mixer have to hide something.

Jiuks

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I dunno what to thinks about this services.. do they make money laundering easier Huh

Topic: Can we see coin mixing services as money laundering services ? - page 4. (Read 2675 times)