WHAT ARE COIN MIXERS AND HOW ARE THEY USED FOR MONEY LAUNDERING

On 24 June, the International Business Times published an article saying that coin mixers or crypto mixers or cryptocurrency tumblers is a service that allows users to ‘mix’ their cryptocurrencies with cryptocurrencies from various addresses, making them untraceable.  These mixers have often been criticised for their use in multiple money laundering cases.

https://www.ibtimes.com/what-are-coin-mixers-how-are-they-used-money-laundering-3550560

Any modest contributions for my time and ongoing expenses are welcomed!  I have a page where you can do so, and where one-off contributions start as low as $3, at

https://www.buymeacoffee.com/KoIvM842y

NOTE THAT THE ABOVE LINK IS NOW CORRECTED AND WORKS!

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: