US Treasury Proposes New Regulation Against Crypto Mixers as a Whole

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US Treasury Proposes New Regulation Against Crypto Mixers as a Whole
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The U.S. Department of the Treasury has long taken a negative view of crypto mixing services, which it names CVCs .

Section 311 is a little-known part of the Patriot Act that gives the U.S. Department of Treasury the power to remove banking privileges from certain types of accounts, foreign jurisdictions, institutions, or classes of transactions, should its analysts believe that they are a “primary money laundering concern.”

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