Definition ∞ A Cryptocurrency Mixer is a service designed to obscure the transaction history of digital assets by pooling funds from multiple users and then redistributing them. This process aims to break the direct link between the sender and receiver, thereby enhancing transactional privacy. Mixers operate by combining various users’ coins into a large pool before sending them to their respective destinations. This technique complicates the tracing of specific cryptocurrency flows on public blockchains.
Context ∞ Cryptocurrency mixers are a subject of intense regulatory scrutiny due to their frequent association with illicit activities, including money laundering and sanction evasion. Law enforcement agencies globally actively monitor and pursue operators of such services. The ongoing debate involves balancing individual privacy concerns with the imperative to prevent financial crime, leading to calls for stricter regulation or outright bans on these tools.
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