Treasury Acknowledges Valid Privacy Uses for Crypto Mixers, Recommends 'Hold Law' for Suspicious Transactions
Treasury Acknowledges Valid Privacy Uses for Crypto Mixers, Recommends 'Hold Law' for Suspicious Transactions
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The U.S. Treasury Department has informed Congress that while crypto mixers have legitimate privacy applications, it recommends a 'hold law' for suspicious cryptocurrency transactions. This disclosure includes data showing that since May 2020, over $1.6 billion in deposits from mixing services have flowed into crypto bridges.
Treasury disclosed data showing that since May 2020, more than $1.6 billion in deposits from mixing services flowed into crypto bridges.