U.S. Treasury Seeks to Name Crypto Mixers as 'Money Laundering Concern'

The U.S. Department of the Treasury's fiscal crimes limb is proposing to statement crypto mixers arsenic a "primary wealth laundering concern" successful its effort to combat illicit crypto finance, highlighting the violent groups that person benefited from anonymous crypto funds, including perchance Hamas.

The Treasury's Financial Crimes Enforcement Network (FinCEN) issued a announcement of projected rulemaking connected Thursday, which volition beryllium unfastened to nationalist remark for 90 days.

“Today’s enactment underscores Treasury’s committedness to combating the exploitation of Convertible Virtual Currency mixing by a wide scope of illicit actors, including state-affiliated cyber actors, cyber criminals, and violent groups,” said Deputy Secretary of the Treasury Wally Adeyemo, successful a connection that cited the agency's past actions against Tornado Cash and Blender.io.