When the US authorities sanctioned coin mixer Twister Money, many thought it’d spell the tip of illicit crypto mixing providers. However they’re again and with shiny new institutional shine and legit use circumstances to assist merchants and funds preserve their market strikes secret.
Twister Money is what is known as a mixera coin anonymizer that breaks identification ties in blockchain transactions, offering a level of anonymity to customers.
The explanations individuals use coin anonymizers fluctuate from criminality to ideology. Dangerous actors can use Twister Money to conceal their rogue acts, successfully laundering the proceeds of crime and stopping stolen crypto from being traced again to them on the blockchain. That is why the US Treasury Division’s Workplace of International Property Management sanctioned the protocol final 12 months.
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