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Why in the world are Bitcoin tumblers and monero exchanges legal? Is it just because they're too new to legislate on?
It's literally money laundering. That's their purpose is money laundering, hiding whose money was sent and where it's going. That's the definition.
I'm not asking why it's ethically allowed. I don't care about that aspect. I'm asking why it's legal to buy Monero with bitcoin, then exchange that for cash. By what possible definition could that not be money laundering in the eyes of the law?
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>>32686752
because there are legal reasons why one would need to anonymize their wallet
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>>32686752
>It's literally money laundering
It's literally not. You still need to launder illegal funds. Mixers are not enough. They're only good for anonymity.
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>>32686819
Such as?
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>>32687109
some fucking pajeet targets your wallet with a sniper bot
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>>32686752
Trading in cash is literally money laundering too then
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>>32686819
If I keep all my money in cash under my mattress and get a friend to make all my purchases for me, is that also money laundering?
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fuck your laws, american
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>>32686752
i honestly think I never got over my crush with Kimberly.
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>>32687793
picrel
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>>32687109
If you are a developer like Andre Cronje and you don't want people to fomo into untested projects
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>>32687482
Tf is a sniper not?
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I don't ever think about laws
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>>32687109
Or if you're a richfag and you want to pay someone but you don't want them to know you own 10 BTC
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>>32686752
>trading Pokémon cards is money laundering

Stfu and kys faggot
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>>32687109
Or if you want to buy sex toys or porn with your bitcoin and you don't want faggots to know about it
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>>32687965
>>32688110
>>32688164
He said legal reasons
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I ordered pizza this evening over the phone and paid cash and left the driver a small tip. The owner gave me a free dip and drink, which aren't on the order because I'm a regular that usually gives tips.

It's such a scandalous thing, right? I mean not just the potential tax evasion but by default we should assume that the owner is laundering money, as am I and probably the driver too because none of that shit got reported to the government. If only the government could get involved and track every single transaction.

Oh what's that? You only think your new law should apply to large sums of money? Those don't really get 'blocked', only for little people (that just happen to be born in the wrong country). For the big money, it's weighing the chance of the fine versus the profit to be made. The banks get caught and pay a fine that pales in comparison to the amount of money they make overall from taking 'dirty' money. Nobody goes to jail. Nobody. The regulators get to say they're doing something and it's business as usual. If they ever fucked up so badly that the regulators ruined the company, it would still be tax payers picking up the tab....

The main idea of coinjoin is this radical idea of protecting your privacy even for legal transactions (blockchain analytics companies trying to extract data to make shekels can go fuck themselves). If you want to be a good tax cuck, you can tell the government what wallets your money really went to if you want, I don't bother. I just show the overall holdings and their USD value and write them a check and they haven't complaned for 4 years now.
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>>32686752
Privacy is a basic human right, globohomo.
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>>32687109
How about none of you fucking business!
Seems a pretty good legal reason to me.
I hat zoomers and millenial faggots btw.
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>>32687109
Making you upset that you can't look at my transactions
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>>32686752
>That's the definition.
No it's not



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