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TI-US to FinCEN: Don’t Abandon the Crypto Mixer Rule
Summary by GAB | The Global Anticorruption Blog
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TI-US to FinCEN: Don’t Abandon the Crypto Mixer Rule
Under the Biden Administration, FinCEN, the agency that writes and enforces U.S. anti-money laundering rules, proposed a rule aimed at cracking down on the use of foreign cryptocurrency mixers (Convertible Virtual Currency mixing services in money laundering parlance). Mixers obscure the source, destination, or the amount of a crypto transaction. That makes them a go-to…
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