Brian Nelson attended the annual Consensus conference hosted by CoinDesk in Austin, where he discussed the 2023 proposal by the Financial Crimes Enforcement Network (FinCEN) to classify tumblers as “major money laundering concerns” and require Virtual Asset Service Providers (VASPs) to report any cryptocurrency transactions involving tumblers to FinCEN.
US Treasury Department Denies Prohibition of Mixing Coins: New Regulations Aim to Enhance Transparency, Hoping to Collaborate with Industry for Development