Mixing services attempt to privatize cryptocurrencies by sending them through a huge chain of transactions involving various wallets. The process intends to obscure the roots of coins in addition to the entity in control of them when they come from blending. Harmon’s mixers were only accessible via the dark net.
FinCEN asserts that Harmon deliberately flaunted the Conditions of the Bank Secrecy Act, the cornerstone of U.S. Anti-Money Laundering legislation. It had been violations of the BSA which led to criminal charges from the executive group of crypto exchange BitMEX before this month.
Smartmixer has this unique concept of using not just one, but three separate coin-pools. Coin-pools are basically the coin-reserves that a mixer utilizes to send coins that are clean to users.
So when a user sends his/her unclean coins into Smartmixer, those coins are stored at an appropriate coin-pool, and the user is sent different coins from one of the pools. These new coins are in no way linked to the old coins sent by the user.
Users get to choose the specific coin-pool they’d love to obtain the coins out of, it is dependent upon the service fee a user chooses to cover.
The 3 pools offered by Smartmixer are:
Standard Pool: The most frequent pool for Here’s more about Eth Mixer look into the web page. virtually any mixer. Comprises of coins from other users. Is the cheapest pool.
Smart Pool: Is the maximum volume-rich pool, as it includes of coins from different users (standard Pool) + Smartmixer’s reservations + Investor’s cash. Only retains coins out of the company reserves and investor’s money. No unclean coin from different users has sent here. Also costs the highest service fee.
All these pools are what impressed me most about Smartmixer (in addition to a few more features). What this establishes is that the brand new coins will be anonymous and clean, period.
But what about the different characteristics that a mixer should offer? Let’s take a peek at them.
That’s because it supports the mixing of a number of coins in addition to Bitcoin. Infact, it likely is the only mixer in the industry with such a diverse mixing-portfolio.
Smartmixer.io enables users combine:
Harmon was arrested in February for working a stable of tumblers, or mixers, that Washington, D.C. prosecutors allege constitute unregistered money services businesses. Those fees against him say he laundered over $300 million in Bitcoin. According to today’s announcement,”FinCEN’s investigation has identified 356,000 bitcoin transactions through Helix.”