Educational Byte: What are Crypto Coin Mixers? Are They Legal?

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Crypto mixers are tools designed to make cryptocurrency transactions more private. Are they legal, though?

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Crypto mixers are tools designed to make cryptocurrency transactions more private. They take coins from different people, mix them all together, and then send out new coins, hiding where the money originally came from. Most jurisdictions don’t explicitly ban them, but regulatory bodies like the U.S. Financial Crimes Enforcement Network impose strict rules on custodial mixing services.