What Are Coin Mixers and How Do They Work?

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In brief Privacy advocates call coin mixers a necessary tool for protecting anonymity. Government officials call coin mixers tools for money laundering. Billions in crypto have changed hands using coin mixers. The Treasury Department has issued sanctions against Tornado Cash, an Ethereum coin mixing service, effectively banning Americans from using it. But what does Tornando Cash do, and more broadly, why would anyone want to use coin mixers? In this article, we’ll examine the technolo ...

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