Samourai Wallet, River, Strike, Swan, and other companies in the cryptocurrency space have sent a letter to the Financial Crimes Enforcement Network (FinCEN), commenting on the proposed rules over mixing transactions introduced in October. These companies are asking FinCEN to withdraw its proposal because it considers it inadequate for many reasons, criticizing it for being […]
Financial authorities are preparing to issue cryptocurrency mixing-specific regulations in South Korea to stop criminal groups from using these tools to launder funds obtained illegally. The Korean authorities are discussing whether to allow virtual asset service providers (VASPs) to reject transactions from these privacy-enhancing services. South Korea Starts Discussing Cryptocurrency Mixing Regulations Korea might enact […]
The Lazarus Group, one of the most infamous cryptocurrency hacking collectives, has made one of its largest cryptocurrency withdrawals in over a month. According to Arkham, an on-chain intelligence exchange system, the group withdrew a million dollars worth of bitcoin from one of its addresses, likely using a mixing service. Lazarus Group Moves $ …
Bitcointalk, a historic Bitcoin-focused forum, has announced it will start banning mixer-related topics next year. Forum administrator Theymos argued that while these services were not necessarily illegal, a pattern has emerged where these platforms are consistently being taken down by law enforcement. Bitcointalk Forum Announces Upcoming Ban on Mixing Topics Bitcointalk, a historic forum platform […]
Swan Bitcoin, a bitcoin exchange platform, announced recently that it would terminate accounts of users directly interacting with mixing services. The company explained that this was due to the pressure from banking institutions after the Financial Crimes Enforcement Network (FinCEN) presented a proposal to increase the bookkeeping requirements on these transactions. Swan Bitcoin Announces New […]