From Investing.com: 2024-04-25 22:40:10

The FBI has issued a warning directed towards crypto money transmitters, particularly mixers, which are services that combine multiple payments into a single transaction to obscure the original source. This move is seen as a crackdown against money laundering and illegal activities using cryptocurrency.

The warning comes amidst the increasing popularity of cryptocurrency as a means of payment and investment. Mixers have been used by criminals to evade detection and launder money through digital assets. The FBI’s focus on these services signals a need for stricter regulations to ensure the integrity of the crypto market.

With the rise of ransomware attacks and illicit financial activities involving crypto, law enforcement is stepping up efforts to combat illegal activities in the digital space. The FBI’s warning serves as a reminder for crypto money transmitters, including mixers, to comply with regulations and prevent their services from being used for criminal purposes.

Read more at Investing.com: FBI warning against crypto money transmitters ‘appears’ to be aimed at mixers