FinCEN claims that Harmon deliberately flaunted the Conditions of the Bank Secrecy Act, the cornerstone of U.S. Anti-Money Laundering legislation. It was offenses of the BSA which led to criminal charges from the executive team of crypto trade BitMEX before this month.
Smartmixer has this unique idea of using not just one, but three separate coin-pools. Coin-pools are basically the coin-reserves that a mixer utilizes to send clean coins to users.
So every time a user sends his/her unclean coins into Smartmixer, these coins are saved at an proper coin-pool, and the user is routed different coins from one of the pools. These new coins are in no way linked to the older coins sent by the consumer.
Users get to choose the specific coin-pool they’d love to receive the coins from, it is dependent upon the service fee that a user chooses to cover.
The 3 pools offered by Smartmixer are:
Standard Pool: The most common pool for any mixer. Comprises of coins from other users. Is the cheapest pool.
Smart Pool: Is the maximum volume-rich pool, since it includes of coins from other customers (standard Pool) + Smartmixer’s reservations + Investor’s cash.
Stealth Pool: Isn’t as volume-rich as Smart Pool, but is Much More anonymous and”wash”. Only holds coins out of the company reserves and investor’s money. No unclean coin from other users has shipped . Also costs the maximum service fee.
All these pools are what impressed me about Smartmixer (along with a few more features). This establishes is that the brand new coins will be anonymous and clean, period.
But what about the different characteristics a mixer should provide? Let us take a look at them.
You might have discovered rather than calling it a”Bitcoin mixer”, I’ve been referring to it as the”Cryptocurrency” mixer.
That’s because it supports the mixing of numerous coins along with Bitcoin. Infact, it likely is the only mixer in the industry with such a varied mixing-portfolio.
Smartmixer.io enables users mix:
Harmon was arrested in February for working a steady of tumblers, or mixers, which Washington, D.C. prosecutors allege constitute unregistered money services businesses. Those charges against him say he laundered around $300 million in Bitcoin. According to today’s announcement,”FinCEN’s investigation has identified at least 356,000 bitcoin trades through Helix.”
U.S. authorities have been on the prowl for criminal activity according to crypto. The Department of Justice recently published a report that emphasized privacy Teams such as Monero (XMR) as a cause for alarm.
Mixing services attempt to privatize cryptocurrencies by sending them through a massive series of transactions involving a variety of wallets. The process aims to obscure the roots of coins in addition to the entity accountable for these when they come out of mixing. Harmon’s pellets were just accessible via the dark net.
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