Bitcoin company Swan announced that it will block investors who use cryptocurrency mixers that operate for privacy purposes.
Swan took a step back from Bitcoin in the face of pressure. In the statement made by the stock exchange on November 14, it was emphasized that the accounts of customers using cryptocurrency mixers will be frozen.
In a statement to its customers via e-mail, the company said: Financial Crimes Enforcement Network (FinCEN) requiring record keeping regarding mixer operations banking institutions to act more repressively. He emphasized that he pushed.
Swan Bitcoin, which has taken a clear stance against cryptocurrency mixers in line with this pressure from banks, has recently direct with mixer services interacting users will also block accounts told.
on the subject in the statement Yan Pritzker, co-founder and CTO of Swan Bitcoin, said that as a company, they are not prejudiced against cryptocurrency mixers that provide privacy services, but Banks carrying out fiat currency transactions He stated that they had to take their demands into consideration on this issue:
Swan has no anti-mixing policy and continues to serve customers who mix their coins for privacy. In fact, we’ve written and published privacy guides encouraging mixing and promoting companies like Wasabi and Samourai. But the banks that provide our nominal transactions are stricter in this regard, and as regulatory pressures increase, what we can do has become increasingly limited.