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Author Topic: Are Crypto Privacy Coins and Mixers Illegal ?  (Read 201 times)
AmoreJaz
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March 25, 2023, 11:49:55 PM
 #21

Not all crypto privacy coins and mixers are illegal, but their use may be viewed as illegal depending on the laws in the respective countries. Although the use of privacy coins and privacy mixers is not directly illegal, some countries have tightened regulations against the use of cryptocurrencies to prevent money laundering and other illegal activities. Some countries even specifically prohibit the use of privacy coins and privacy mixers.

Therefore, it is important for cryptocurrency users to understand the laws in their country and do their research before using a privacy coin or privacy mixer.

the main reason of the existence of privacy coins and mixers is owed to anonymity. however, as time goes by, these coins as well as mixers have been used by some people for money laundering schemes, hence, getting branded as illegal by some governments.
as you said, if one person will use a privacy coin or a mixer, make sure he knows the current protocols of his country towards this type of currency or services. it is viewed as illegal by some governments, whereas, others are still loose with their regulations. now, it is your own duty to find out what's acceptable in your country.

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March 25, 2023, 11:59:46 PM
 #22

I tend to agree as said above, the legality of crypto privacy coins and mixers depends on the specific laws and regulations in each country or state which means it matters in regulations and laws in certain jurisdictions.

While the use of privacy coins and mixers might not be illegal in some countries, but the fact that they might be used for illegal activities such as money laundering or terrorist financing.  Therefore, some regulatory bodies may take action against users who use privacy coins or mixers to engage in illegal activities, even if the use of these technologies is not directly illegal.

So the insight depends on which country you are in and it should not be illegal to use and shouldn't be forced to shutdown.
Despairo
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March 26, 2023, 04:31:32 AM
 #23

Privacy coins and mixers aren't illegal if you not use it for crime, but if centralized exchange or banks accuse your money are related with privacy coins and mixers, they will freeze your funds and ask you to prove if you're using privacy coins and mixers aren't for money laundering. Actually you can explain it and being honest, but majority of people wouldn't because the reason they were using privacy coins and mixers are to protect their privacy.

Self admitting for use it to protect privacy are just kill the purpose of privacy coins and mixers.
WillyAp
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March 28, 2023, 04:09:51 PM
 #24

Privacy coins and mixers aren't illegal if you not use it for crime, but if centralized exchange or banks accuse your money are related with privacy coins and mixers, they will freeze your funds and ask you to prove if you're using privacy coins and mixers aren't for money laundering. Actually you can explain it and being honest, but majority of people wouldn't because the reason they were using privacy coins and mixers are to protect their privacy

Better is to prepare. have a few wallets ready, and swap coins which are fast and more or less private. You can devide them and merge in the end. You'll be doing your own mixer so to say  Grin

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March 28, 2023, 08:50:43 PM
 #25

Privacy coins and mixers aren't illegal if you not use it for crime, but if centralized exchange or banks accuse your money are related with privacy coins and mixers, they will freeze your funds and ask you to prove if you're using privacy coins and mixers aren't for money laundering. Actually you can explain it and being honest, but majority of people wouldn't because the reason they were using privacy coins and mixers are to protect their privacy.

Self admitting for use it to protect privacy are just kill the purpose of privacy coins and mixers.

In my point of view, if you really want to recycle, you don't have to rely on chipmixers, why struggle to maintain privacy and then expose yourself with a service that you don't know who it is?  Rather better to use a self hosted join market
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March 29, 2023, 06:16:59 AM
 #26

Should mixers be illegal? Definitely not. Everyone has a right to privacy in all aspects, including financial privacy. Though I don't think that tyrants such as most governments/agencies around the world would share this view unfortunately.

As you said, there is no real law that is forbidding the usage of mixers. However, it would not take much for a law enforcement agency to pin someone down with a money laundering charge if they really wanted to do that to someone. If one is using these kinds of services in a secure working environment in conjunction with Tor, more comfort can be taken in knowing that your other online activity is not mixed in with your usage of the mixer. Whether or not the usage of the mixer is known or not also depends on which service is being used and how the coins were acquired.

If one is wondering after reading this post, "Well, how do I know if my working environment is secure?" or "How can I be sure that I am not shooting myself in the foot before using a mixing service?"...You should visit Request: "Cybersecurity and Privacy" board + Poll and vote YES so that we can discuss these topics and share knowledge with each other.

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