Binance Probed by U.S. as Money-Laundering, Tax Sleuths Bore In

[Snarkhund]

Binance is the largest legalized crypto mixer there is. Hacked crypto can go there, be swaped for other coins and withdrawn to a different crypto with no KYC. Tor can be used to hide the IP. That seems unsustainable to me

In the US you can't even do business with Binance, you have to apply for a Binance.US account which is fully KYC and can take a couple of *months* to establish.

A decent blockchain analyzer can easily track everything into and out of a mixer. They are a stupid myth and a great way to get the government looking at you.

I've noticed that BNB seems unaffected by any Binance news.

 

[mlawson71]

And now Singapore banned them too. This has been an absolute rollercoaster from star to finish, trying to keep up with who is banning them and who is approving their operations.