Reuters
US Treasury unit proposes stepping up scrutiny of crypto mixers
(Reuters) -The U.S. Treasury Department’s Financial Crimes Enforcement Network (FinCEN) on Thursday proposed increasing transparency around cryptocurrency “mixers” to combat the use of the tool by groups like the Palestinian militant group Hamas. If finalized, the rule would require financial firms to report information about transactions that they suspect involve crypto mixers, which are anonymized software tools that allow users to conceal the source or owner of digital assets. FinCEN’s proposal underscores increasing concern among U.S. officials about the role of crypto in financing those deemed as “terrorist groups” by the U.S. government, an issue thrust into the spotlight by Hamas’ deadly attack in Israel this month.
Source: finance.yahoo.com