United Kingdom's National Crime Agency (NCA) is aiming to attack Bitcoin (CRYPTO: BTC) mixers — services that try to anonymize Bitcoin balances by mixing them, which the regulator said makes prosecuting criminals harder.
UK Regulator Eyes Bitcoin 'Mixing': Darknet Live, a news outlet focusing on deep web black markets, reported on Tuesday that Gary Cathcard — NCA's head of financial investigation — said that Bitcoin mixers “can be used to provide a ‘layering’ service, churning criminal cash, obscuring its origins and audit trail, similar to how a cash business might be used by criminals to legitimize cash through the banking system.”
