Restriction laws on mixer.

[Z-tight]

French tax officials selling crypto owners' data to criminals (Ghalia C.) + massive tax database leaks.

Now the state also wants IDs and private messages of social media users.
More data = More victims."

This isn't even about Pavel Durov and what he is doing with Telegram. It is about the French authorities endangering the lives and properties of its citizens, all in the name of strict kyc. You cannot strongly implement kyc policies and then protect the data in a clearly weak manner, that us unacceptable. I completely agree with PD on this one, the more data they collect, the more people are going to get kidnapped, it's now up to the people over there to decide.

[zasad@]

If that were true, the Russian police would have caught all the scammers long ago.
~snip~

The same police you can bribe for anything, anywhere? There is crime and scams everywhere, but in Russia crime and corruption go to the very top - unless you think your president honestly earned $200 billion he is hiding from the public?

By the way, PD wasn't released from French custody just like that, he obviously gave them something, and now let everyone draw their own conclusions about what it could be...

It's completely untrue that you can buy anyone in Russia. Money can help you find a good lawyer, better serve time in prison, or get out early, but you have to be held accountable for your crimes. Crime statistics are completely transparent, and if they're rising, it means the police are doing a poor job, leading to layoffs, or criminal cases against officers are becoming increasingly common.

There is a saying in Russia: "Don't be a peasant poking your nose into the nobles' business.", and people also say "No pockets in the grave - you can't take shit with you."

French tax officials selling crypto owners' data to criminals (Ghalia C.) + massive tax database leaks.

Now the state also wants IDs and private messages of social media users.
More data = More victims."

This isn't even about Pavel Durov and what he is doing with Telegram. It is about the French authorities endangering the lives and properties of its citizens, all in the name of strict kyc. You cannot strongly implement kyc policies and then protect the data in a clearly weak manner, that us unacceptable. I completely agree with PD on this one, the more data they collect, the more people are going to get kidnapped, it's now up to the people over there to decide.

In my opinion, there's no need to be a fool. If you can't protect your coins, then there's no need to disclose them.

[Lucius]

~snip~
I completely agree with PD on this one, the more data they collect, the more people are going to get kidnapped, it's now up to the people over there to decide.

Those already in the system can do nothing but increase their level of security and hope that they will not be the next victim on some criminal's list. Those others who are still outside the system have the choice to avoid paying taxes, which puts them in trouble if the authorities ever find out they are trading cryptocurrencies - those who do it through CEXs are already in the system.

However, I would like to emphasize that this is not just a problem in France, but in any country in the world. Being honest and paying taxes can obviously also mean being stupid and putting yourself at risk of being kidnapped and robbed. I'm much more afraid of criminals and their methods than I am of tax collectors, so my choice in this regard is pretty simple - keep a low profile and stay under the radar.

[Z-tight]

In my opinion, there's no need to be a fool. If you can't protect your coins, then there's no need to disclose them.

If the authorities cannot protect my data, then it is only natural that i would be sceptical about disclosing it to them. If those in charge of collecting and storing this data can make a market of it and start selling to the highest bidder, then i think i would easily take the risk of not paying taxes on my coins over getting kidnapped and tortured into giving up my keys.

[suzanne5223]

Under the Bank Secrecy Act (BSA), anyone who transfers money on behalf of others is a Money Services Business (MSB), and if you check what mixer those it can be called a money services business.
U.S. authority known as Financial Crimes Enforcement Network – (FinCEN) have stated that: crypto mixers may qualify as money transmitters and If so, they must:

1. they most register with FinCEN: a mixer can operate if they can register with FinCEN but if they are not register with FinCEN they are illegal and cannot operate.   

2. they must Implement KYC (Know Your Customer): this is also one of the things a mixer most do, they need to make KYC compulsory for their customers, if they can’t do this they can’t operate.

3. they most always report suspicious transactions: they most report any suspicious transactions they notice in their mixer if they are not doing or don’t accept to do this they can’t operate.

The restrictions laws on mixer those it limit financial freedom or the restriction law is protecting the society.
What do you think.

There's one thing you're missing out from the FinCEN rule and regulation for crypto mixers, aka money services business (MSBs), as categorized by FinCen, that mixers need to provide them with currency transaction reports (CTRs) where applicable, and maintain records.
Which destroys what privacy stands for. The question is there a way to know the mixer that complies with these rules and regulations?

[zasad@]

In my opinion, there's no need to be a fool. If you can't protect your coins, then there's no need to disclose them.

If the authorities cannot protect my data, then it is only natural that i would be sceptical about disclosing it to them. If those in charge of collecting and storing this data can make a market of it and start selling to the highest bidder, then i think i would easily take the risk of not paying taxes on my coins over getting kidnapped and tortured into giving up my keys.

Taxes can be paid on other types of activities if paying taxes is important. For example, if someone is registered as self-employed, they can exchange cryptocurrency for cash and declare the income as if they were mowing their lawn with the money.

[NeuroticFish]

If that were true, the Russian police would have caught all the scammers long ago.

No. This kind of "we officially cannot read that" data they use only for really big fish, not for all the scammers.
And really, I don't expect Russian police (like most of countries' police, actually) care much of the small scammers.


PS. You may want to read what was, historically, the police meant for (initially, before it was called police).

[zasad@]

If that were true, the Russian police would have caught all the scammers long ago.

No. This kind of "we officially cannot read that" data they use only for really big fish, not for all the scammers.
And really, I don't expect Russian police (like most of countries' police, actually) care much of the small scammers.


PS. You may want to read what was, historically, the police meant for (initially, before it was called police).

I don't follow statistics from other countries, but in Russia, the majority of crimes are related to fraud and drugs. Fraud accounts for approximately 24% of all crimes in the country, and drug-related offenses account for another 11%.

And according to statistics, the police are actively combating these crimes because public discontent is growing rapidly.

[monetizator4]

In Russia and many places, law enforcement focus on bigger crimes with higher stakes. Small-time scams often slip through. Plus, resources are limited. Historically, cops were more about keeping order than going after minor criminals. But hey, every country has its quirks in how they handle things

[alani123]

Likewise in Europe now exchanges ask you where your money is heading when you withdraw crypto.

You have to explain what kind of service it is or who is it for. It's a crazy concept. Of course most people say the wallets are their own to avoid extra checks and scrutiny. And you can just transfer to your own wallet and completely skip reporting the actual destination. Or just lie about it. But honestly anything you state can be used against you. This EU mica regulation really is something else.

[zasad@]

In Russia and many places, law enforcement focus on bigger crimes with higher stakes. Small-time scams often slip through. Plus, resources are limited. Historically, cops were more about keeping order than going after minor criminals. But hey, every country has its quirks in how they handle things

I can give you an example of a major criminal case in Russia: the Finiko financial pyramid, where damages of over 1 billion rubles have only been officially confirmed. Many officials don't file complaints to avoid questions.
The criminal case has been dragging on for a very long time.
A partner of the leaders of this financial pyramid, Gafarov, is currently in the Netherlands and is seeking political asylum.

Russia is currently cracking down on fraud, even if it's just $100. If a victim files a police report, all of the fraudster's accounts will be frozen, and the accused will be denied access to any bank account until the criminal case is resolved.

However, this policy has its drawbacks. Let's say someone transfers money to a money mule (drop) card to fund their deposit at an illegal casino, and then files a police report claiming they were scammed.

[Z-tight]

Likewise in Europe now exchanges ask you where your money is heading when you withdraw crypto.

Yeah, and it is because those who make the laws want to treat crypto like it is a traditional bank, were information of the recipient is required to make a transaction. The excuse is always the same, 'to prevent money laundering and terrorism financing'. However, this only applies when you are sending funds from and to a crypto-asset service provider. So you can freely send funds from your self custodial wallet without the permission of anyone.

[SuperBitMan]

Under the Bank Secrecy Act (BSA), anyone who transfers money on behalf of others is a Money Services Business (MSB), and if you check what mixer those it can be called a money services business.
U.S. authority known as Financial Crimes Enforcement Network – (FinCEN) have stated that: crypto mixers may qualify as money transmitters and If so, they must:

1. they most register with FinCEN: a mixer can operate if they can register with FinCEN but if they are not register with FinCEN they are illegal and cannot operate.   

2. they must Implement KYC (Know Your Customer): this is also one of the things a mixer most do, they need to make KYC compulsory for their customers, if they can’t do this they can’t operate.

3. they most always report suspicious transactions: they most report any suspicious transactions they notice in their mixer if they are not doing or don’t accept to do this they can’t operate.

The restrictions laws on mixer those it limit financial freedom or the restriction law is protecting the society.
What do you think.

The question is there a way to know the mixer that complies with these rules and regulations?

It is worthy to note that determining actual compliance can be difficult unless a mixer openly disclose their legal structure or regulatory obligations however, there are some ways to know if a mixer is complying to all those rules and regulations but I still can’t say it’s 100 percent certain, but they are.
1. Public statements about regulatory compliance: because of this rule that has been made mixers usually make some public statements about regulatory compliance and from this statement you can tell if they are complying or not.
2. From their terms of service or privacy policies you will know if they are actually complying to the rules and regulations or not, I think this is one of the easiest way to find out if a mixer is really complying.

[Z-tight]

1. Public statements about regulatory compliance: because of this rule that has been made mixers usually make some public statements about regulatory compliance and from this statement you can tell if they are complying or not.
2. From their terms of service or privacy policies you will know if they are actually complying to the rules and regulations or not, I think this is one of the easiest way to find out if a mixer is really complying.

Do you know of any mixer that has done any of the above, because i don't. I am not sure how much longer a mixer can stay in business if they announce that they are complying with law enforcement and enforcing kyc requirements and can also block your transaction and report it as suspicious activity to tha authorities.

However, it should not be difficult to know services that would comply if this becomes a thing, because they would have to implement kyc for their customers.

[zasad@]

1. Public statements about regulatory compliance: because of this rule that has been made mixers usually make some public statements about regulatory compliance and from this statement you can tell if they are complying or not.
2. From their terms of service or privacy policies you will know if they are actually complying to the rules and regulations or not, I think this is one of the easiest way to find out if a mixer is really complying.

Do you know of any mixer that has done any of the above, because i don't. I am not sure how much longer a mixer can stay in business if they announce that they are complying with law enforcement and enforcing kyc requirements and can also block your transaction and report it as suspicious activity to tha authorities.

However, it should not be difficult to know services that would comply if this becomes a thing, because they would have to implement kyc for their customers.

These are idiotic requirements, and no one will comply. Mixers are used by people who want anonymity, and if they have nothing to hide, they can transfer their assets to any crypto exchange and then withdraw the coins to another wallet. This would be sufficient to hide transactions from third-party observers, but not from regulators, who would easily obtain this data from the exchange.

[suzanne5223]

Under the Bank Secrecy Act (BSA), anyone who transfers money on behalf of others is a Money Services Business (MSB), and if you check what mixer those it can be called a money services business.
U.S. authority known as Financial Crimes Enforcement Network – (FinCEN) have stated that: crypto mixers may qualify as money transmitters and If so, they must:

1. they most register with FinCEN: a mixer can operate if they can register with FinCEN but if they are not register with FinCEN they are illegal and cannot operate.   

2. they must Implement KYC (Know Your Customer): this is also one of the things a mixer most do, they need to make KYC compulsory for their customers, if they can’t do this they can’t operate.

3. they most always report suspicious transactions: they most report any suspicious transactions they notice in their mixer if they are not doing or don’t accept to do this they can’t operate.

The restrictions laws on mixer those it limit financial freedom or the restriction law is protecting the society.
What do you think.

The question is there a way to know the mixer that complies with these rules and regulations?

It is worthy to note that determining actual compliance can be difficult unless a mixer openly disclose their legal structure or regulatory obligations however, there are some ways to know if a mixer is complying to all those rules and regulations but I still can’t say it’s 100 percent certain, but they are.
1. Public statements about regulatory compliance: because of this rule that has been made mixers usually make some public statements about regulatory compliance and from this statement you can tell if they are complying or not.
2. From their terms of service or privacy policies you will know if they are actually complying to the rules and regulations or not, I think this is one of the easiest way to find out if a mixer is really complying.

Given the level of how the mixing service landscape is strict and evolving, with the inclusion of how FinCen regulations prioritize seeing every tumbler company doing all in the name of preventing illicit finance over unrestricted anonymity. Let's just say there's no way we will know the mixer that follows FinCen rules and regulations unless FinCen doesn't want to achieve its purpose. If the mixer wants to be in business, they will have no choice but to submit to FinCen rules.
Due to this, I believe the best way to achieve the needed anonymity now is to use 2-3 different services.

[zasad@]

Due to this, I believe the best way to achieve the needed anonymity now is to use 2-3 different services.

If you use 2-3 services, you will pay large fees for services and for transactions, which will be unprofitable for you.
The easiest way to use the Monero ecosystem, but it's worth reading and understanding this useful information.
https://moneroleaks.xyz/
Not all coins are dirty, sometimes it is enough to use the DeFi ecosystem to exchange coins

[suzanne5223]

Due to this, I believe the best way to achieve the needed anonymity now is to use 2-3 different services.

If you use 2-3 services, you will pay large fees for services and for transactions, which will be unprofitable for you.
The easiest way to use the Monero ecosystem, but it's worth reading and understanding this useful information.
https://moneroleaks.xyz/

If you have a point, despite the Monero ecosystem remaining one of the strongest options for on-chain privacy among major cryptocurrencies, it still not guaranteed 100% real world anonymity. Besides, there's also human error to avoid (like using a remote node over clearnet, which could lead to IP correlation, and the reuse of wallet address) when using it for total privacy, because no system is totally perfect, and to be on the safe side is the reason I suggest the use of 2-3 privacy services.
It is either you value your privacy, or you care about the amount it will cost to get the needed privacy, which is what many new crypto enthusiasts do by taking the easy route.
 

Not all coins are dirty, sometimes it is enough to use the DeFi ecosystem to exchange coins

DeFi or Dex?

[zasad@]

Due to this, I believe the best way to achieve the needed anonymity now is to use 2-3 different services.

If you use 2-3 services, you will pay large fees for services and for transactions, which will be unprofitable for you.
The easiest way to use the Monero ecosystem, but it's worth reading and understanding this useful information.
https://moneroleaks.xyz/

If you have a point, despite the Monero ecosystem remaining one of the strongest options for on-chain privacy among major cryptocurrencies, it still not guaranteed 100% real world anonymity. Besides, there's also human error to avoid (like using a remote node over clearnet, which could lead to IP correlation, and the reuse of wallet address) when using it for total privacy, because no system is totally perfect, and to be on the safe side is the reason I suggest the use of 2-3 privacy services.
It is either you value your privacy, or you care about the amount it will cost to get the needed privacy, which is what many new crypto enthusiasts do by taking the easy route.
 

Not all coins are dirty, sometimes it is enough to use the DeFi ecosystem to exchange coins

DeFi or Dex?

DEXs, or Decentralized Exchanges, are the foundation of the entire DeFi ecosystem. Beyond DEXs, the DeFi ecosystem includes many other solutions:вridges, decentralized stablecoins(DAI,USDe,crvUSD) liquid staking, yield aggregators, perpetuals, and more.

If you are engaged in criminal activity, it's worth using several different services. Then the increased costs will be justified. But for the average user, this is an unnecessary expense.

[suzanne5223]

Due to this, I believe the best way to achieve the needed anonymity now is to use 2-3 different services.

If you use 2-3 services, you will pay large fees for services and for transactions, which will be unprofitable for you.
The easiest way to use the Monero ecosystem, but it's worth reading and understanding this useful information.
https://moneroleaks.xyz/

If you have a point, despite the Monero ecosystem remaining one of the strongest options for on-chain privacy among major cryptocurrencies, it still not guaranteed 100% real world anonymity. Besides, there's also human error to avoid (like using a remote node over clearnet, which could lead to IP correlation, and the reuse of wallet address) when using it for total privacy, because no system is totally perfect, and to be on the safe side is the reason I suggest the use of 2-3 privacy services.
It is either you value your privacy, or you care about the amount it will cost to get the needed privacy, which is what many new crypto enthusiasts do by taking the easy route.
 

Not all coins are dirty, sometimes it is enough to use the DeFi ecosystem to exchange coins

DeFi or Dex?

DEXs, or Decentralized Exchanges, are the foundation of the entire DeFi ecosystem. Beyond DEXs, the DeFi ecosystem includes many other solutions:вridges, decentralized stablecoins(DAI,USDe,crvUSD) liquid staking, yield aggregators, perpetuals, and more.

If you are engaged in criminal activity, it's worth using several different services. Then the increased costs will be justified. But for the average user, this is an unnecessary expense.

No.
Decentralized Exchanges (DEXs) play an essential infrastructure roles, and it is consider as the cornerstone of DeFi due to it roles in the area of liquidity. However, it is not the single foundation of the entire DeFi ecosystem, but blockchains and smart contracts are  the foundation of DeFi. Besides, everything that includes the DEXs, lending protocols, yield farming, etc. is built on top of blockchains and smart contracts.

You don't need to engage in criminal activity to use a 2-3 privacy service, you can use tumbler and a private wallet like CoinJoin.