Quote:
Originally Posted by tonyk81
can you explain what you mean by "tainted coins are not fungible"? coins coming from ACR are tainted coins?
with regards to kraken where are you using it in the withdrawal chain?
are you using it by itself ? ACR -> Kraken -> bank account
or as a replacement for binance or coinbase/gemini in the following:
ACR-> binance -> gemini/coinbase -> bank account
Any exchange in the US (especially serving/located in NY) hires "blockchain analysis" groups like chainalysis to tell regulators bitcoin is all about safety and security and following kyc/aml etc etc.
They monitor the bitcoin addresses ACR, Bovada, BOL and others are using and what IP's are used to send requests to the bitcoin blockchain (where they can track).
A lot of people use coinjoin, wasabi wallet or mixing services to make the coins "Fungible" until a 100% solution to privacy related issues is found for people's transactions. There isn't really anything wrong with the coins you get from gambling operators (I WILL TAKE THEM!!!) but if you are a US resident, it gets harder and harder to use the banking system with anything that regulators wouldnt let pass through the banking system (for now).
Other alternatives are just holding them on a wallet, swapping for an altcoin and back into bitcoin, using one of those bitcoin credit cards MIGHT work...there are also exchanges like bisq that are decentralized and wont ask for kyc/aml