Crypto Mixers Targeted by U.S. Over Money Laundering Concern

FinCEN said that mixing services, which seek to allow users to conduct transactions with anonymity, are used by a “variety of illicit actors throughout the world,” referring by name to Hamas, Palestinian Islamic Jihad and the Democratic People’s Republic of Korea (DPRK). The agency said this proposed rule is a “key part” of the ongoing effort to boost transparency in the crypto markets.

Source: https://www.coindesk.com/policy/2023/10/19/us-treasury-seeks-to-name-crypto-mixers-as-money-laundering-concern/?utm_medium=referral&utm_source=rss&utm_campaign=headlines