[Karunamon]

You accused them of money laundering, which is a crime by itself most first world nations. Except that phrase doesn't apply unless another crime has been committed, because it only applies to funds gotten illegally.

Make more sense?

[gnaritas]

Anonymous financial transactions are themselves crimes, they violate KYC laws.

[j15t]

KYC = Know Your Customer

As the name implies, this law only applies to (financial) businesses and their customers. Most Bitcoin transactions are P2P and hence there is no business/customer relationship and hence there is no KYC law applicable.

[gnaritas]

> Most Bitcoin transactions are P2P and hence there is no business/customer relationship and hence there is no KYC law applicable.

That's a bit of a nonsense statement. It's a P2P payment network so you have no way of knowing if most of the transactions going across it are between businesses and customers or person to person. Quite simply that's a claim you can't back up.

[Karunamon]

What KYC laws? If I'm running some random business selling widgets, I'm under no obligation to do any such thing.

[gnaritas]

KYC laws apply to financial businesses, like those whose sole servers is the transfer of money, i.e. bitcoins. Exchanges for example must comply with KYC laws. Money laundering, aka mixing, is itself a purely financial service. There are no mixing services that are on steady legal ground; they are proving a service that expressly allows one to launder money as such they will always be a target for authorities.