In response to 1broker domain and charges
https://bitcointalk.org/index.php?topic=5039832.0We at PrivCoin first became aware that pure Cryptocurrency may be regulated with KYC laws in the USA after FinCEN director Kenneth Blanco's speech which can be seen at this link
https://www.fincen.gov/news/speeches/prepared-remarks-fincen-director-kenneth-blanco-delivered-2018-chicago-kent-blockIn it he mentions mixers directly
Further, businesses providing anonymizing services (commonly called mixers or tumblers), which seek to conceal the source of the transmission of virtual currency, are money transmitters when they accept and transmit convertible virtual currency, and, therefore, have regulatory obligations under the BSA.
In response to this speech we blocked all United States users a month ago in a good faith effort not to do business with that country. Since then we have been planning the following updates to make it more clear that Americans are not permitted to use our services.
1) We have moved our FAQ about America near the top. Previously it was near the bottom because it was the most recent thing added.
https://www.privcoin.io/faq/2) We have users now certify they are not from America before each mixing process.
These updates are now deployed on the website.
We have for the last month initiated Geo blocking of all Americans and we are reviewing this technology to see where it can be improved. We are also reviewing more methods for making it clear that Americans cannot use our services.
Thank you for reading.