Crypto Mixing Is Back — And Criminals Adapted Faster Than The Rules Did
When US crypto regulators cracked down on Tornado Cash in 2022, the assumption was simple: shut down the tool, shut down the problem. It didn’t work out that way. Related Reading: Is Bitcoin The Poor Man’s Hedge Against Inflation? Coinbase CEO Thinks So New research from the Cambridge Centre for Alternative Finance (CCAF) shows that coin mixer usage has climbed back toward pre-ban levels — and that the people most effectively pushed out by the sanctions were not the criminals, but ordinary users seeking financial privacy. Railgun Now Dominates A Recovering Market According to CCAF....
Related News
Is it possible for you to mix your Bitcoins with other people’s Bitcoins, and at the same time profit from it? Mixing companies claim it is - but there is a risk. Privacy is not just for criminals. Many people think that mixing services are primarily used to launder Bitcoins obtained through fraudulent or illegal means. This is not necessarily the case. Privacy is important for everybody. Criminals should not know how wealthy you are, strangers should not be aware of how you spend your money. This is a reason why Bitcoin mixers - Eg. Bitmixer.io - have grown their businesses. Trust is an....
The chief of NCA claimed that coin mixing services offer a layer of anonymity and protection to criminals looking to launder and wash their “dirty” funds. 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 the transactions from a mixing "black box" comprised of hundreds of....
Whether or not Bitcoin mixing services will ever be very useful to the Bitcoin ecosystem, remains to be seen for now. Digital currency was never intended to be anonymous, and any service claiming to provide something else requires users to put their funds and faith into the hands of a third party. Plus, users have to rely on Tor to access certain Bitcoin mixing services, which only makes the whole process even more complicated. Not to mention how there is always a risk of losing funds. Bitcoin Mixing Is Not For Everybody. There are several ways to go about using a Bitcoin mixing service.....
The Japanese government should introduce rules that target criminals using crypto from crypto exchanges to launder money. Reportedly, these remittance rules are supposed to be introduced by next springtime. The Act on the Prevention of the Transfer of Criminal Proceeds is supposed to be revised so that it is mandatory to share customer information between […]
NXT, the finance 2.0 blockchain platform, has voted unanimously to implement CoinShuffle, a coin mixing anonymity technique to NXTcoin and other 'Monetary System' tokens. Implementation is expected on the next major release. A vote was posed to the community this July 18 on whether the coin mixing implementation would apply just to MonetarySystem (MS) tokens or also to NXT's core token, NXTcoin. After only a day, the community's response was incontrovertible with nearly 100% of the votes supporting coin mixing implementation to NXTcoin. The votes will be weighed on July 26 based how much....