Presidential candidate Mike Bloomberg on Tuesday rolled out his plan to rein in Wall Street. As part of that, he wants to provide clear but tough regulations for cryptocurrency and initial coin offerings as well.
Bitcoin mixers, or tumblers, have been around for years. The way they work is you send bitcoin to a service and the service scrambles your bitcoin with other bitcoins, so that in the end, it’s difficult to know the source of the funds—even though the transactions are visible on the blockchain.
In a move to lure more institutional money into the space, U.S. crypto exchange Coinbase just completed two major security audits for its custody solution.
The U.S. is joining regulators around the globe in moving to enforce tougher cryptocurrency anti-money laundering policies, Treasury Secretary Steven Mnuchin said yesterday.