paint-brush
Bitcoin Mixing Legalities: Why Governments are Cracking Downby@tcgunterwriter
546 reads
546 reads

Bitcoin Mixing Legalities: Why Governments are Cracking Down

by T.C. Gunter7mNovember 30th, 2021
Read on Terminal Reader
Read this story w/o Javascript
tldt arrow

Too Long; Didn't Read

Bitcoin mixing is the process of using a third party to break the link between a sending address and a receiving address. This is done through single or multiple rounds of mixing, which involves sending the coins to one mixer, waiting for them to return with different coins, then sending them to another mixer, and so on. This process allows two endpoints of a transaction that might otherwise be connected by examining the blockchain ledger to be obfuscated from each other. The mildest case is that it helps you maintain your anonymity and privacy when using Bitcoin as a means of payment for goods and services. The best-case scenario that the U.S. government wants to crack down on bitcoin mixing is a viable option.

Companies Mentioned

Mention Thumbnail
Mention Thumbnail

Coins Mentioned

Mention Thumbnail
Mention Thumbnail
featured image - Bitcoin Mixing Legalities: Why Governments are Cracking Down
T.C. Gunter HackerNoon profile picture
T.C. Gunter

T.C. Gunter

@tcgunterwriter

Crypto enthusiast and freelance writer. I set out on my starship to explore the cryptoverse.

Learn More
LEARN MORE ABOUT @TCGUNTERWRITER'S
EXPERTISE AND PLACE ON THE INTERNET.
L O A D I N G
. . . comments & more!

About Author

T.C. Gunter HackerNoon profile picture
T.C. Gunter@tcgunterwriter
Crypto enthusiast and freelance writer. I set out on my starship to explore the cryptoverse.

TOPICS

THIS ARTICLE WAS FEATURED IN...

Permanent on Arweave
Read on Terminal Reader
Read this story in a terminal
 Terminal
Read this story w/o Javascript
Read this story w/o Javascript
 Lite