Bitcoin Mixers (BTC) Withdraw from US Market due to Increasing Regulatory Pressure

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Following the arrest of the developers of Samourai Wallet, several Bitcoin coin mixing operations are leaving the United States for more crypto-friendly regions.
Wasabi Wallet and Trezor have announced the closure of their mixing services, citing regulatory pressures.
The U.S. Securities and Exchange Commission (SEC) is leading a warpath against cryptocurrency, with a focus on coin mixers.

As regulatory pressures mount, Bitcoin coin mixing operations are leaving the U.S. for more crypto-friendly regions. This article explores the recent developments and their implications for the crypto industry.

Bitcoin Coin Mixers Exit U.S. Amid Regulatory Pressure

Following the arrest of Samourai Wallet developers Keonne Rodriguez and William Lonergan Hill, other Bitcoin coin mixing operations are reading the signs and exiting the United States. The U.S. Attorney’s Office of the Southern District of New York charged the founders with operating a cryptocurrency mixer that facilitated over $2 billion in unlawful transactions and more than $100 million in money laundering transactions with illegal dark web marketplaces.

Wasabi Wallet and Trezor Announce Closure of Mixing Services

After Samourai Wallet shut down, Wasabi Wallet developers ZKSnacks announced the preemptive closure of its mixing service, banning U.S. customers from using its services. H... Read the full article for FREE at COINOTAG!