You mean it doesnβt make sense for the government, right?
I never thought about the AML implications (good explanation of βwash tradingβ at https://thebitcoinmanual.com/articles/btc-spot-etfs-get-rejected/) but that concern is sorta moot with coin joins, isnβt it??
Imagine you acquire a good amount of BTC, you go to a stock exchange and buy a big block of BTC ETF stocks and then send your BTC back and forth between addresses you control for higher and higher prices and cashing out on the stocks, rinse and repeat on the downside
How does selling to yourself increase the market price? Thereβs no net impact on supply or demand.
