Crypto markets can exist without government permission

[doc]

What do you mean exactly? Do you think blockchain isn't anonymous?
Well, it may be not 100% anonymous, there is transaction details, we can track the address and the amount to transfer. However, it can be anonymous if we use mixer technology. I think we can try this services if we want to be real anonymous.

That's right, with a mixer all transactions on the blockchain can be more anonymous so it is often used for money laundering, but you need to know that if you want to make a purchase at a shop that accepts bitcoin as one of the payments, they will know the wallet you have and know the number of bitcoins you have. have so that transactions are no longer anonymous.

If I only know the wallet address and the number of bitcoins I have, it's actually not a problem, because we can move it to another address that is more private. For the mixer I use Electrum Wallet, this is more useful. We also heard that bitcoin mixers are banned in several countries because they are prone to money laundering.

[Etranger]

We also heard that bitcoin mixers are banned in several countries because they are prone to money laundering.

Mixers themselves are not prone to anything, including money laundering. Just because some abuse their characteristics and use them for illegal purposes does not mean that the entire industry should be banned. Mixers are just a tool, they are neutral. This is a particular human being who chooses the way those tolls could be used.

[Etranger]

Anonymous or not, it has no effect for me as a small investor, because I only see profits. Regarding anonymity, I honestly don't care, because my intention to invest in crypto is only to make a profit and earn income from the crypto world. Maybe everyone has their own perspective and opinion.

Even with such goals, the issue of anonymity may become relevant to you when you decide to withdraw your earnings into fiat form and use them. Depends on what jurisdiction you live in, of course, but in few places income from cryptocurrencies is completely legalized under such conditions that do not rip off a large portion of a person’s earnings in the form of taxes. Moreover, the issue of anonymity is also a security issue. If no one knows that you have valuable cryptocurrency, it is much more difficult to steal it.

[IvugeoEvolutionCoin]

Mixers themselves are not prone to anything, including money laundering. Just because some abuse their characteristics and use them for illegal purposes does not mean that the entire industry should be banned. Mixers are just a tool, they are neutral. This is a particular human being who chooses the way those tolls could be used.

I think the main purpose of Mixer is to launder money so that in this way hackers and scammers often use Mixer to remove digital traces which are very clearly visible in the Blockchain system. Mixer is indeed a neutral tool but there is the potential for misuse as I mentioned above .

[I-Bit]

If I only know the wallet address and the number of bitcoins I have, it's actually not a problem, because we can move it to another address that is more private. For the mixer I use Electrum Wallet, this is more useful. We also heard that bitcoin mixers are banned in several countries because they are prone to money laundering.

Yes, we can move the Bitcoin to another wallets. It is not a big problem whether we want to keep it in certain wallets.
I rarely used the service of Mixers, I only send the Bitcoin in the common way. If I send it with mixer service, I surely will make it to be untraceable transaction. Sure, it sometimes is needed but it is not for all transactions.

[Primo1760]

Does your country have a plan to accept crypto? Are you willing to use crypto as a legal payment method alongside fiat currency?

My country is not very prosperous. In my country, a less developed country, if cryptocurrency is legalized in this country, this country will have more problems because the people of my country are not very educated and even those who are educated have not gained much knowledge about cryptocurrency. If they don't get much knowledge about cryptocurrency, if it is legalized in this country then people will invest without understanding and one day it will be seen that he is more damaged. So considering all aspects of my country, the government of this country has taken the most stringent decision not to legalize cryptocurrency. However, there is no guarantee that cryptocurrency will be legalized in my country in the future. Although I wish to use crypto as a legal payment method alongside fiat currency, making that wish from my country will not succeed because it has no effect in my country.

[Etranger]

Mixers themselves are not prone to anything, including money laundering. Just because some abuse their characteristics and use them for illegal purposes does not mean that the entire industry should be banned. Mixers are just a tool, they are neutral. This is a particular human being who chooses the way those tolls could be used.

I think the main purpose of Mixer is to launder money so that in this way hackers and scammers often use Mixer to remove digital traces which are very clearly visible in the Blockchain system. Mixer is indeed a neutral tool but there is the potential for misuse as I mentioned above .

I agree that mixers could be used for such goals. However, I would not name it a main purpose of mixers, because an intention not to be traced and remain anonymous doesn't always imply that we are talking about money laundering here. Sometimes it could be due to security reasons, or just due to the wish to stay in a shadow.

[bayiajaib]

I agree that mixers could be used for such goals. However, I would not name it a main purpose of mixers, because an intention not to be traced and remain anonymous doesn't always imply that we are talking about money laundering here. Sometimes it could be due to security reasons, or just due to the wish to stay in a shadow.

There are people who are more comfortable remaining anonymous because they have to reveal their identity or in this case have their transactions tracked. They use private technology from crypto. It doesn't mean they are doing money laundering or illegal activities. They use a mixer because they prefer this technology

[Etranger]

I agree that mixers could be used for such goals. However, I would not name it a main purpose of mixers, because an intention not to be traced and remain anonymous doesn't always imply that we are talking about money laundering here. Sometimes it could be due to security reasons, or just due to the wish to stay in a shadow.

There are people who are more comfortable remaining anonymous because they have to reveal their identity or in this case have their transactions tracked. They use private technology from crypto. It doesn't mean they are doing money laundering or illegal activities. They use a mixer because they prefer this technology

That is exactly what I meant above. The desire to remain anonymous can be due to various reasons, and money laundering is just one of them as well as some criminal activity. Many people simply like to be in the shadows because it makes them feel safer and stronger.

[dekafee79]

That is exactly what I meant above. The desire to remain anonymous can be due to various reasons, and money laundering is just one of them as well as some criminal activity. Many people simply like to be in the shadows because it makes them feel safer and stronger.

Actually, not everyone who transacts in crypto is carrying out illegal activities such as money laundering. therefore only a handful of people misuse crypto. so it shouldn't be that one person is wrong, the other person is also considered wrong. Crypto needs legality to be used for transactions, so the government should consider it.

[Freemind]

I think the main purpose of Mixer is to launder money so that in this way hackers and scammers often use Mixer to remove digital traces which are very clearly visible in the Blockchain system. Mixer is indeed a neutral tool but there is the potential for misuse as I mentioned above .

So, if we use your way of reasoning, do knives have the sole purpose of stabbing people?. That kind of reasoning doesn't make any sense in my opinion. The tools we have can be used to do good and normal things, or to do bad and illegal things. It's not the mixer or the knife that does things wrong, it's the person using it and the purpose they want to give it. Internet users, including you and me, have a right to privacy when we browse the Internet, and that doesn't mean we hide anything, or that we want to hide illegal things, it's a right.

References:

Secretary-General’s Strategy on New Technologies.

Res 68/167. The right to privacy in the digital age.

Res 69/166. The right to privacy in the digital age.

[Etranger]

Crypto needs legality to be used for transactions, so the government should consider it.

The government will consider it due to its own interest. There is a pretty big chance that they will destroy the whole essence of cryptocurrencies by implementing regulations. Crypto is not really a convenient way to make some illegal activities. Cash is much more useful for it, if we think about it. But the image of crypto being used for money laundering or other criminal actions was created and it stuck with it, unfortunately.

[Google+]

The government will consider it due to its own interest. There is a pretty big chance that they will destroy the whole essence of cryptocurrencies by implementing regulations. Crypto is not really a convenient way to make some illegal activities. Cash is much more useful for it, if we think about it. But the image of crypto being used for money laundering or other criminal actions was created and it stuck with it, unfortunately.

Maybe the regulations issued will only apply to the country with its government, because if the government of another country regulates our country then that won't be able to happen, the policies of each government in the country will be different, currently there may still be many who consider bitcoin as a digital currency which is not legal, but there are also those who think this is a legal digital currency in the country of El Salvador.

[0t3p0t]

If I only know the wallet address and the number of bitcoins I have, it's actually not a problem, because we can move it to another address that is more private. For the mixer I use Electrum Wallet, this is more useful. We also heard that bitcoin mixers are banned in several countries because they are prone to money laundering.

Yes, we can move the Bitcoin to another wallets. It is not a big problem whether we want to keep it in certain wallets.
I rarely used the service of Mixers, I only send the Bitcoin in the common way. If I send it with mixer service, I surely will make it to be untraceable transaction. Sure, it sometimes is needed but it is not for all transactions.

Yeah I think shady transactions like from gambling uses this services or any illegal funds but since we are good with the traditional transactions I don't think we need to use mixing services not unless we need it. Though I am not involved yet in gambling using crypto but I know our local e-wallets and exchanges will freeze funds from gambling platforms or the like.

[Etranger]

The government will consider it due to its own interest. There is a pretty big chance that they will destroy the whole essence of cryptocurrencies by implementing regulations. Crypto is not really a convenient way to make some illegal activities. Cash is much more useful for it, if we think about it. But the image of crypto being used for money laundering or other criminal actions was created and it stuck with it, unfortunately.

Maybe the regulations issued will only apply to the country with its government, because if the government of another country regulates our country then that won't be able to happen, the policies of each government in the country will be different, currently there may still be many who consider bitcoin as a digital currency which is not legal, but there are also those who think this is a legal digital currency in the country of El Salvador.

Yes, the policy of different countries in relation to cryptocurrencies differs. But still, there are leading countries that others will emulate in one way or another. Or at least accurately take into account the experience of these leading countries, because such countries can influence less powerful countries through economic and political decisions. Therefore, the strongest set the tone, and they do it in their own interests. The rest may change something within their countries, but not too significantly, in my opinion. And it will be so because the world is too closely connected by economic interests that no one wants to risk.