NCA wants regulation for coin mixers, but the crypto industry is already one step ahead
The United Kingdom’s National Crime Agency (NCA) seeks to regulate the crypto coin mixers under the country’s laws against money laundering. Coin mixing tools are popular in the decentralized world as they maintain the privacy of transactions. These tools often mix several transactions to obscure the origin of a particular transaction. Then the recipient receives […]
No crypto for criminals: Coinjoin BTC mixing tool to block illicit transactions
CoinJoin, a popular Bitcoin (BTC) mixing tool, will block transactions associated or flagged as illegal. The announcement came from the official Wasabi Wallet Twitter account, of which Coinjoin is a part. The zkSNACKs coordinator will start refusing certain UTXOs from registering to coinjoins. pic.twitter.com/X3kBuQwieO — Wasabi Wallet (@wasabiwallet) March 13, 2022 The official announcement noted […]
What are Bitcoin mixers, and why do exchanges ban them?
One of the original allures of cryptocurrency is the narrative that using them provides the sender or recipient anonymously, but this is a common misconception within the sector. In reality, Bitcoin (BTC) and many other cryptocurrencies are easily traceable. Proof of this came earlier this week when on April 27, U.S. authorities arrested the mastermind […]