[Digital Today reporter Chi-gyu Hwang] The U.S. Treasury has officially acknowledged for the first time that crypto mixers can be used legally.
According to a recent report by DL News, the Treasury said in a report submitted to Congress in March that lawful digital asset users can use mixers to maintain financial privacy when making transactions on public blockchains.
Crypto mixers are services that blend digital assets across multiple transactions, making it harder to trace the source of funds.
The report reflects a recent trend in which the Trump administration has taken a more relaxed stance toward the crypto industry. The Treasury decided in August not to actively pursue criminal punishment for developers of privacy-enhancing cryptography tools.
Chi-gyu Hwang
delight@d-today.co.kr