Cryptocurrency Mixers and Why Governments May Want to Shut Them Down

Published: June 26, 2019 | by Web Master

On May 22, 2019, cryptocurrency mixers (also called tumblers) were front and center on the news cycle, following reports of European authorities shutting down one such service. Law enforcement officials involved said the action was necessitated by reports on Bestmixer.io — i.e., the platform in question that was being used to funnel dirty money via cryptocurrencies .

Stakeholders in the crypto industry decried the action , calling it a gross overreach by government agents. They also declared that it set a dangerous precedent, one that could be inimical to cryptography as a whole.

In the wake of the shutdown, Vitalik Buterin […]

View the full story at: cointelegraph.com