Non-custodial cryptocurrency mixer developers are not subject to U.S. regulation.6

A recent seizure of a custodial cryptocurrency mixer by EU authorities has prompted some people to ask us what this means for popular privacy software like CoinJoin or Wasabi Wallet, which are user-hosted software tools, not third-party services that take custody of user funds.

In the U.S. at least, recent guidance from FinCEN clearly specified that the developers of such software do not qualify as money services businesses as that term is defined in the relevant law and regulations. Here is the relevant portion of our analysis of FinCEN’s recent guidance:

Original source
https://coincenter.org/link/non-custodial-cryptocurrency-mixer-developers-are-not-subject-to-u-s-regulation

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