Bitcoin celebrated its 10th birthday in October 2018, meaning that legally speakng, the whole world of cryptocurrency is still very new. Regulators worldwide are still trying to figure out the appropriate way to oversee and legislate a decentralized financial system that operates outside their framework.
With shifting guidelines and no certain legal protocols, its important that you keep your assets secure until the future of cryptocurrency is more secure. Many people are searching for a method that will help them protect their wealth, without explicitly violating any laws. That's where a mixer like Bitcoin Laundry comes in. To date, there is not a single law regarding the use of bitcoin blenders like Bitcoin Laundry; platforms that allow users to mix their bitcoin with others’ with the goal of making their bitcoin completely anonymous.
Even in the U.S, there is no law regarding the use of bitcoin blenders. Currently US law considers bitcoin as property and not as a currency. If it were deemed a currency, then lawmakers would strive to characterize bitcoin mixing as a type of money laundering. Until lawmakers come to a solid conclusion as to what bitcoin actually is, bitcoin mixers will remain legal.
Bitcoin was built to be a decentralized, global, peer-to-peer currency without any meddling intermediaries. Bitcoin's public ledger system makes anonymity more difficult, however, and regulators are looking to close the walls around its users. A bitcoin mixer like Bitcoin Laundry gives you the power to fight back and protect your wealth.