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US Department of Justice to Target Digital Asset Platforms and Mixers/Tumblers in Crypto Crackdown

The head of the crypto unit at the U.S. Department of Justice (DOJ), Eun Young Choi, has announced that the DOJ will be targeting digital platforms, including crypto exchanges, that are making it easy for criminals and money launderers to move funds without being detected.

The department will also be targeting entities providing mixers and tumblers which are used to obfuscate the trail of transactions. The crackdown is necessary to stop criminal elements from using crypto to achieve their objectives, according to Choi.

The DOJ is also sending a deterrent message to businesses skirting sanctions and those not following the required customer identification rules.

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