FinCEN to Target Crypto Mixers Over Laundering Fears

Reading Time: 2 minutes The US Treasury Department has designated cryptocurrency mixing protocols as money-laundering threats and national security risks The Financial Crimes Enforcement Network (FinCEN) has proposed regulations to de-anonymize mixer transactions involving U.S. entities The proposed regulation aims to increase transparency in cryptocurrency mixing activity to prevent illicit actors from accessing the financial system The US Treasury Department is to target cryptocurrency mixing protocols after designating them as money-laundering threats that pose risks to national security…
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