RATE Group | Another Crypto Exchange Discourages the Use of Bitcoin Mixing Services
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Another Crypto Exchange Discourages the Use of Bitcoin Mixing Services

30 Jan Another Crypto Exchange Discourages the Use of Bitcoin Mixing Services

Posted at 22:19h in Bitcoin News by

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Another Crypto Exchange Discourages the Use of Bitcoin Mixing Services

The cryptocurrency exchange Binance was recently scrutinized for flagging a customer’s funds because the individual had used a bitcoin mixing application. Now the platform Paxos Global is discouraging the use of crypto mixers after a customer allegedly sent coins to a mixing service.

Also read: Regulatory Roundup: EU-Wide Crypto Regulations, New Rules in Europe, US, Asia

Paxos Global Discourages the Use of Bitcoin Mixers

The fight for privacy against corporate entities and governments surveilling our everyday financial transactions continues to escalate. Cryptocurrencies have made it harder for governments to track people, with digital currency mixing services thwarting blockchain analysis. However, exchanges have been increasing their surveillance methods a great deal and a number of them have beefed up KYC practices. Last December, news.Bitcoin.com reported on a Binance customer complaining after his funds were frozen because he used a bitcoin…

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