Exchanges and other institutions that directly handle payments to and from cryptocurrency mixers would have to record and submit the names, email addresses and other details of the underlying parties to the U.S. financial intelligence unit under a plan pitched Thursday.
A U.S. indictment against two founders of Tornado Cash, a “mixer” accused of handling hundreds of millions of dollars of illicit cryptocurrency, appears to call for a major expansion of anti-money laundering rules in the virtual assets industry, analysts told ACAMS moneylaundering.com.
The U.S. Treasury Department’s Office of Foreign Assets Control on Monday blacklisted Tornado Cash, a mixing service that obscures parties involved in cryptocurrency transactions, in what industry analysts described as an escalation in the battle against virtual-assets laundering.
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