The cryptocurrency mixing service or the
cryptocurrency is a kind of service offered for mixing potentially identified
or tainted the cryptocurrency funds with the other. These can also be known as crypto mixer thus, one can able to
obscure the trail back to the fund. The tumble have been arisen for improving
the anonymity of cryptocurrencies, basically the bitcoins, and since the
currencies will be providing the public ledger for all the transaction.
In the traditional financial system, the
equivalent might be moving the funds through the banks that are being located
in the countries with the strict bank-secrecy laws.
Some existence of the tumblers has been made
anonymous use of the darknet market which is easier and the job for the law
enforcement harder.
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about cryptocurrency
The tumblers will be taking some percentage as
the transaction fee of the total coins that are mixed to turn a profit
literally 1-3%. The mixing will be helping in protecting the privacy and it can
also be used for money laundering by mixing illegally obtained funds.
By
mixing the large amount of money might be illegal, being in violation of
the anti-structuring laws. There have been at least one kind of incident where
some exchange has been blacklisted or tainted deposits descending from the
stolen bitcoins.
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