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Binance Releases Frozen BTC After User Promises To Stop Using Coinjoin

On Saturday, Binance released frozen BTC after the user ensured not to useu00a0CoinJoinu00a0service in the future. Binance warned the users who were using the CoinJoin, one of theu00a0crypto servicesu00a0that make transactions anonymous.<br>u00a0<br>On December 19, according to an ongoing Twitter debate, a user named Catxolotl uploaded a correspondence, appearing to be from Binance Singapore staff. The correspondence was about an investigation regarding the withdrawal of an unknown amount of BTC.<br>On Saturday, Binance released frozen BTC after the user ensured not to useu00a0CoinJoinu00a0service in the future. Binance warned the users who were using the CoinJoin, one of theu00a0crypto servicesu00a0that make transactions anonymous.<br>u00a0<br>On December 19, according to an ongoing Twitter debate, a user named Catxolotl uploaded a correspondence, appearing to be from Binance Singapore staff. The correspondence was about an investigation regarding the withdrawal of an unknown amount of BTC.

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Binance Releases Frozen BTC After User Promises To Stop Using Coinjoin

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  1. Crypto world at your finger tips! www.cryptoknowmics.com

  2. 2 Cryptoknowmics is an innovative decentralized platform that serves almost every aspect of the crypto space. It aims to be the top destination and the largest media portal in the crypto world and the all-in-one solution for information and services for the industry. www.cryptoknowmics.com

  3. BinanceReleases Frozen BTC After User Promises To Stop Using Coinjoin 3 On Saturday, Binance released frozen BTC after the user ensured not to useCoinJoinservice in the future. Binance warned the users who were using the CoinJoin, one of the crypto services that make transactions anonymous. On December 19, according to an ongoing Twitter debate, a user named Catxolotl uploaded a correspondence, appearing to be from Binance Singapore staff. The correspondence was about an investigation regarding the withdrawal of an unknown amount of BTC. www.cryptoknowmics.com

  4. BinanceNot In Mood To Tolerate CoinJoin CoinJoin refers to a technique in which all Bitcoin transactions are mixed with unspent transaction outputs (UTXOs). It also hides the identity of who initiated the transaction to improve the user’s privacy. Binance stated that they froze BTC because Catxolotl was using CoinJointhrough a wallet provider, Wasabi. To confirm the problem, a representative from Binance, explained that Binance SG works under the regulatory requirements set by MAS and its regulatory partner, Xfers. Besides this, AML CFT controls are also set for Binance SG. He also stated that Catxolotl accidentally broke one of their regulatory mechanisms, which resulted in an investigation from their side. www.cryptoknowmics.com

  5. Changpeng Zhao statement 3 The CEO of Binance, Changpeng Zhao, said through his email that Binance Singapore does not allow any transaction, directly or indirectly related with P2P, gambling and darknet/mixer sites. Both Binance and Changpeng Zhao are not feeling sorry about what they saw as abiding by local laws. An intense debate has also started on social media, in which some of the most notable Bitcoin figures are clashing over the decision to obliterate transactions with improved privacy. www.cryptoknowmics.com

  6. The controversy between Wasabi and CoinJoin 3 A Bitcoin maximalist, Giacomo Zucco’s note said that some advocates use Coinjointo please politicians and bureaucrats, but they don’t tell the risks of using it. This controversy has further reached to CoinJoin and Wasabi. The creator of BTCPay, Nicolas Dorier, hit back at suggestions Wasabi could regulate how exchanges handle its transactions. Finally, CZ has published a dedicated blog post stating the nature of regulations Binance is ready to compromise with.  www.cryptoknowmics.com

  7. Source 9 https://www.cryptoknowmics.com/news/binance-releases-frozen-btc-after-user-promises-to-stop-using-coinjoin https://www.cryptoknowmics.com/news/ www.cryptoknowmics.com

  8. 14 Crypto news and articles Exchange & wallet listing Market & price analysis Crypto discussion forum ICO listing and rating Crypto jobs marketplace Features Tokens and coin listing Airdrop and event listing DApp listing & review ICO Launchpad Crypto gaming platform Blockchain tutorials and courses www.cryptoknowmics.com

  9. 26 For any further queries or clarifications please contact at - listing@cryptoknowmics.com - info@cryptoknowmics.com - www.cryptoknowmics.com - www.cryptoknowmics.io www.cryptoknowmics.com

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