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FinCEN targets international crypto mixers as money-laundering havens

Image of some crypto currencies being shown on a mobile phone.
Photo: Tomohiro Ohsumi/Getty Images

Julie DiMauro

3 min read
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The proposed rule is intended “to increase transparency around virtual currency mixing to combat its use by malicious actors.

On Thursday, the US Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) announced a Notice of Proposed Rule Making (NPRM) that labels international convertible virtual currency mixing (CVC mixing) as a class of transactions of primary money laundering concern.

The NPRM highlights the risks posed

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