The fate of mixers.

[Beparanf]

Maybe in the future, there will be an interaction between authorities and mixing industries to add protection to their platform from being used by money launderers.

This impossible to achieve if mixers want to protect anonymity since any touch of authority will surely remove anonymity especially when screening illegal transactions on the mixer.

This cycle will repeat over and over since there’s a demand while there’s no solution on screening illegal transactions without affecting the anonymity of the mixing service.


Curious question, What if flagged wallet address of Mixer use different mixer to mix their coins? Is this means that they can dragged down any competitors that they want?

[NotATether]

Curious question, What if flagged wallet address of Mixer use different mixer to mix their coins? Is this means that they can dragged down any competitors that they want?

Nope; I assume it only goes up to the first few dozen transactions; it would be absurd for someone to get flagged because of a transaction chain with 100 links in it traces back to someone else's dirty money.

[salad daging]

Mixers will remain a constantly controversial issue between supporters and opponents. On the one hand, they are a good service for preserving identity, and on the other hand, they are used by criminals to hide their crimes.

It's a controversy that can't be separated, because criminals would be happy if mixers still existed so that they can mix millions of dollars in coins in one go, on the other hand as an intermediary who wants to remain private it is still difficult to imagine that mixers are now used more for crime.

Mixers, like anything else, have a positive and negative side, but governments only look at the negative side and accuse everyone who uses Mixers of using them for illegal purposes.

Because the government wants to remain in control, if someone uses a mixer for privacy purposes then it will be suspected and will certainly be considered illegal.

Therefore, this conflict will most likely continue to exist between governments and users who want to maintain their privacy, and since mixers are financially profitable, they will most likely continue to exist despite government opposition.

I think this conflict will not end and if one mixer has been confiscated by the FBI or other agencies, other mixers will appear because there are still quite a lot of mixer enthusiasts even though it is dominated by the crimes they commit.
I want to ask, is there a mixer owner in response to being tried and then in prison?

[FinneysTrueVision]

In my opinion, in the future we will see mixers that will refuse to mix coins from hacks or any other criminals activity.

In order to achieve that, a high level of blockchain analytics is necessary, so they can automatically refuse coins from some addresses.

As we have seen with centralized exchanges, even the strictest KYC policies and blockchain surveillance aren't 100% effective at preventing criminals from using their platform. Anything that provides privacy will be seen as a bad thing by law enforcement so I suspect that even if mixers tried to be compliant there will still be sanctions, fines and arrests.

[jossiel]

As we have seen with centralized exchanges, even the strictest KYC policies and blockchain surveillance aren't 100% effective at preventing criminals from using their platform. Anything that provides privacy will be seen as a bad thing by law enforcement so I suspect that even if mixers tried to be compliant there will still be sanctions, fines and arrests.

And that's what we're seeing right now. They're not directly telling that mixing coins is legal but with their actions, we see that it's looking like an illegal action and they have to take down.

But that's possible in the future that they will only "clean" coins on their end because they have a business to protect. Anyway, we're already seeing the defeat purpose of Bitcoin that it's for decentralization while exchanges are forcing centralization together with government policies applied to us.

[Jawhead999]

Who cares with the tainted bullshit, we don't even know about the money flow behind banks, they can bribe the banks and use it for money laundering. The government is jealous because they didn't earn tax from the mixing services, since they have power, they can crackdown everything that didn't follow their rules/wants.

The result of every mixer is being seized by government, if the mixer is big and can survive really really long, I'm skeptical if the mixer might be a honeypot.

[CODE200]

In my opinion, in the future we will see mixers that will refuse to mix coins from hacks or any other criminals activity.

In order to achieve that, a high level of blockchain analytics is necessary, so they can automatically refuse coins from some addresses.

But how do those mixers know if those coins come from hacks or criminal activity, sure there's going to be some coins that will be marked or tainted that the mixers can see and they can't accept but I am sure that there's going to be some smartass criminals that would use a way to buy a clean bitcoins and then it's just a breeze for them after that and even if they do that, there's still Monero doing it's thang being the privacy coin that it promises itself to be.

[Doan9269]

Do the mixers actually know where transactions are coming from, maybe to not allow the transaction if it's from a criminal organisation. For instance, if Mr Bob wants to mix bitcoin he used to purchase arms in the darker, will Sinbad know that the particular coin is coming from dark net transactions? If No, it therefore means all mixers are vulnerable and can be taken down at anytime.

Mixers are doing their job just to maintain user's privacy, scammers are also using the banks to make deposit and there's nothing they can do about it as long as they are not making a request on how they source fund their money, the gover should better understand this that mixers are not the bad actors here, it's the people, but can they regulate this, obviously no, you shouldn't be able to be questioned on the source to your fund you have, the real theives are the governments here.

[coin-investor]

In my opinion, in the future we will see mixers that will refuse to mix coins from hacks or any other criminals activity.

In order to achieve that, a high level of blockchain analytics is necessary, so they can automatically refuse coins from some addresses.

This is the only way that they can do that, but mixers do their things automatically because it works like a cronjob and if they tried to block certain address its possible that its a false positive and the user will file a complaint and this will ruin their reputation.

Their blockchain analytics if they are going to use one should be proficient to block address if its not, people will file accusations and of course being a mixer they cannot ask for KYC its against their niche because they are anonymity based.
Running a mixer is a risky business but there's a market on the use of mixer, so they are will operate until they are stopped by authorities.

[wallet4bitcoin]

Why is there so much crackdown on mixers?

When they complain about money laundering and all, does it not also happen in the conventional financial sector, how many times have they shut down banks cos of such, why must crypto be the target of these institutions?

I ask these questions because it only takes a degree of silence for one to be extinguished from a space, let that one not be crypto being extinguished from the financial space.