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ANALYSIS: DOJ, FinCEN Partly Resolve Legality of Bitcoin Mixing

Aug. 27, 2021, 9:00 AM

On the same date that BitMEX consented to $100 million in penalties for obvious and intentional violations of U.S. laws and regulations since 2014, another cryptocurrency business pleaded guilty to similar violations during the same period of time. A Bitcoin “mixer” or “tumbler” operating on the darknet, providing the service of moving Bitcoins with their source and owner concealed, was the target of criminal and civil enforcement actions this time.

Department of Justice and Financial Crimes Enforcement Network (FinCEN) enforcement actions concluded in the past year make it clear that in the worst cases, cryptocurrency mixers violate the criminal money ...

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