Bitcoin service platform Swan Bitcoin will ban accounts that directly interact with mixing services.

BlockBeats news on November 14th, Bitcoin service platform Swan Bitcoin announced that it will ban user accounts that directly interact with mixing services. Swan Bitcoin explained that this change is due to pressure from its banking partners, who are implementing proposed rules from the Financial Crimes Enforcement Network (FinCEN) aimed at requiring institutions that facilitate transactions such as mixing services to report relevant information. Yan Pritzker, co-founder and CTO of Swan Bitcoin, stated that although the company has an open policy allowing mixing as a privacy service, it cannot provide deposit services to customers if it cannot work with compliant custodians and banks. Swan Bitcoin would rather completely avoid the risk than conduct investigations. (Bitcoin.com)