Dutch Financial Criminal Investigation Service Shuts down bestmixer.io, Bitcoin Transaction Mixer

The Dutch financial criminal investigative service has shut down a bitcoin transaction mixer called bestmixer.io and seized their website in a crackdown on unlicensed money services operating in the country.

This is the first public seizure of a bitcoin mixing service and it seems that it is intended to make a point that not only dark market places such as the Silk Road are subject to criminal enforcement when it comes to cryptocurrency.

Europol has alleged that much of the money that passed through bestmixer.io had a criminal origin or a criminal destination. The mixer was probably used to conceal and launder criminal flows of money.

What Next?

If it is a one-off event to shut down a money laundering operation by the European authorities, it is probably well and good. However, if it is a president setting event to go after other crypto-to-crypto services, that might be devastating for the cryptocurrency industry.

We will keep you updated with the story to see how it develops over time.

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