https://www.coindesk.com/policy/2023/10/19/us-treasury-seeks-to-name-crypto-mixers-as-money-laundering-concern/
https://www.fincen.gov/news/news-releases/fincen-proposes-new-regulation-enhance-transparency-convertible-virtual-currency
Even through Mixers are the current primary target ,
wonder how much longer before LN hubs that do not comply with KYC/AML laws could also be considered as not transparent and become illegal.
Something to think about if you are running a LN hub and can't afford to follow KYC/AML reporting regulations.
Quote
The U.S. Department of the Treasury's financial crimes arm is proposing to label crypto mixers as a "primary money laundering concern" in its effort to combat illicit crypto finance,
https://www.fincen.gov/news/news-releases/fincen-proposes-new-regulation-enhance-transparency-convertible-virtual-currency
Quote
The lack of transparency surrounding international CVC mixing activity is an acute money laundering and national security risk, and increasing transparency in connection with this activity is a key component to denying illicit actors access to the U.S. and global financial systems.
Even through Mixers are the current primary target ,
wonder how much longer before LN hubs that do not comply with KYC/AML laws could also be considered as not transparent and become illegal.
Something to think about if you are running a LN hub and can't afford to follow KYC/AML reporting regulations.