US Treasury Report: Some Digital Asset Mixer Users Seek Privacy on Public Blockchains

The US Treasury stated in a new report on "Innovative Technologies to Counter Illicit Finance Involving Digital Assets" that not all mixer protocol users engage in illicit activity, Cointelegraph reports. The report notes lawful digital asset users may turn to mixers to maintain financial privacy when transacting on transparent public blockchains. Individuals can use these tools to keep sensitive details about personal wealth, business payments or charitable donations from being exposed on a public ledger, according to the report.