The Cryptocurrency Tumblers: Risks, Legality and Oversight
Discussion Paper Series: Notes on the 21st Century
6 Pages Posted: 5 Dec 2017
Date Written: November 30, 2017
Services known as Cryptocurrency “Tumblers” obfuscate the provenance, possession, and movement of cryptocurrencies through a process of “mixing” . While this speaks to the cryptoanarchist philosophical roots of cryptocurrencies, it poses various forms of risks, particularly those subsumed by the anti-money laundering (AML) category. This discussion paper examines that dichotomy, between cryptoanarchism and oversight, through the Tumbler lens, so as to consider the regulation, oversight, and legality of Tumblers themselves.
Keywords: Cryptocurrency; Bitcoin; Regulation; Blockchain, Money laundering
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