Private Bitcoin transactions using CoinJoin technology have experienced a threefold increase since 2022. This surge is primarily driven by large-scale accumulators linked to Bitcoin ETFs, corporate entities like MicroStrategy, and institutional custodial wallets. Privacy features make CoinJoin attractive to these entities.
The growing use of CoinJoin technology for Bitcoin transactions has drawn increased scrutiny from global law enforcement. Concerns center around potential money laundering, with legal actions taken against platforms enabling illegal activities. Legitimate needs for privacy and security also drive CoinJoin’s use, complicating the regulatory landscape.