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| − | Mixes ones funds with others with the intention to confuse the trail back to the original source of the funds.
| + | #redirect [[Bitcoin mixer]] |
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| − | Compared to the traditional financial systems this service might be the equivalent of moving funds through banks located in countries that have strict bank-secrecy laws. Such countries include the Cayman Islands, the Bahamas, and Panama<ref>[http://en.wikipedia.org/wiki/Offshore_bank Offshore bank]</ref>.
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| − | Mixing helps protect privacy however mixing can also be used for money laundering.
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| − | The term money laundering refers to the practice where this mixing is performed because the funds are illegally obtained. After laundering, the funds appear legitimate<ref>[http://en.wikipedia.org/wiki/Money_laundering Money laundering]</ref>.
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| − | Mixing large amounts of money may itself be illegal, being in violation of [[Wikipedia:Structuring|anti-structuring laws]].
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| − | ==See Also==
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| − | * [[Anonymity]]
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| − | * [[:Category:Mixing Services|Mixing services]]
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| − | * [http://www.bitcoin.org/smf/index.php?topic=2893.0 RFC: Bitcoin Mixnet]
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| − | ==References==
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| − | <references />
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| − | [[Category:Financial]]
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