In the use of Cl2 as bleaching agent, the substance that is mainly responsible for the bleaching action is
Moist Cl2 acts as bleaching agent ,in which Cl2 react withH2O to give Hypochlorous acid . ( H2O + Cl2 HCl + HOCl)
Hypochlorous acid is unstable and decomposes to give nascent oxygen( HOCl HCl + (O))
Thus moist chlorine acts as oxidant and bleaching agent.