FinCEN Proposes New Rules that Could Impact Bitcoin's CoinJoin Services Alongside Mixers

The Financial Crimes Enforcement Network (FinCEN) has put forward a notice of proposed rulemaking that could have significant implications for the crypto mixers, including Bitcoin (BTC)'s CoinJoin. If these new rules are implemented, they would classify the mixing of convertible virtual currencies as a "primary money laundering concern," affecting both dedicated tumblers like Tornado Cash and service providers utilizing basic privacy protocols, Protos reported Monday. ...