US Treasury division proposes crypto mixer regulation

Proposals target terrorism financing after Office of Foreign Assets Control sanctions Hamas

	Putting big data into action

Yesterday, on October 23, the US Treasury Department’s Financial Crimes Enforcement Network published its proposed new rules to regulate crypto mixers, after Hamas’s terrorist attacks in Israel.

“Mixing offers a critical service that allows players in the ransomware ecosystem, rogue state actors and other criminals to fund their unlawful activities and obfuscate the flow of ill-gotten gains,” director Andrea Gacki said.

Under the proposals financial institutions would be required to report a

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