The DOJ Claims Every Bitcoin Mixer is a Money Laundering Business

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The concept of a Bitcoin mixer has always been somewhat controversial. The recent statements by the US DOJ will only thicken the plot in this particular regard. A few years ago, the Bitcoin mixer landscape was very competitive. Using a Bitcoin Mixer is a Crime in the US Most of those services have not either shut down or simply disappeared. Helix was one of the more commonly used mixing services at that time. For the Department of Justice, a Bitcoin mixer is a money transmitting and laundering business model. The main objective of this service is to let customers remove the “taint” from their Bitcoin balances. In doing so, users will obtain a certain degree of privacy, as Bitcoin lacks those traits by default. However, there is usually a hefty fee to be paid for this type of service rendered. As such. it is not hard to see where the…

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