Bitcoin service platform Swan Bitcoin will ban user accounts that directly interact with currency mixing services. Swan Bitcoin explained that the change was due to pressure from its banking partners over proposed Financial Crimes Enforcement Network (FinCEN) rules aimed at making institutions that facilitate transactions such as coin mixing services declare relevant information.
Yan Pritzker, co-founder and chief technology officer of Swan Bitcoin, said that although the company itself has an open policy that allows currency mixing as a privacy service, it cannot provide customers with legal currency deposit services if it cannot cooperate with custodians and banks that meet the regulations. Swan Bitcoin would rather avoid risks altogether than conduct investigative work. (Bitcoin.com)