If crypto mixers are outlawed, only outlaws will use crypto mixers.
This doesn't actually sound so bad.
If you seek transactional privacy, then maybe don't use global systems. Try back alley instead.
This doesn't actually sound so bad.
If you seek transactional privacy, then maybe don't use global systems. Try back alley instead.
This is only true in the tautological sense.
Crypto mixers are outlawed > All users of crypto mixers are therefore deemed outlaws > Only outlaws use crypto mixers.
An otherwise innocent person who has never heard about the sanctions may continue to "launder" their crypto unawares because they don't want everyone they transact with to know their total balance. I would not consider them an outlaw but they may be in for a nasty surprise now.
https://www.psychologytoday.com/us/blog/ethics-everyone/2018...
One compromise would be a US-based smart contract mixer that provides strong privacy but allows the US government to request transaction history in extreme cases. These addresses can then be sanctioned, frozen by USDC and barred by all regulated CEX.
I would rather see the US support privacy, but if they refuse to allow their citizens the right to financial privacy, then at least they could provide better systems for regular users to keep their crypto transactions private from the entire world.