The US Department of Treasury Denies Prohibition of Coin Mixer: New Regulations Aim to Enhance Transparency and Encourage Collaboration with Industry for Development.
Brian Nelson attended the annual Consensus conference hosted by CoinDesk in Austin, where he discussed the Financial Crimes Enforcement Network’s (FinCEN) 2023 proposal to classify tumblers as “major money laundering concerns” and require Virtual Asset Service Providers (VASPs) to report any cryptocurrency transactions involving tumblers to FinCEN.
