American tax authorities may soon use Grand Jury subpoenas on companies like Google, Apple, and Microsoft to check your download history for cryptocurrency related applications, according to a new report.
If you're American and you've ever downloaded a wallet or a bitcoin price tracker, the government wants to know. Many people use Bitcoin specifically to protect their financial privacy and avoid government overreach, so you may ask how you can protect yourself now that cryptocurrencies are under increasing scrutiny?
The answer is a bitcoin mixer. To obfuscate any connection between your real identity and your cryptocurrency holdings, a mixer is an important part of your privacy routine. Remember, Bitcoin is not anonymous, and it's important to take extra steps to protect your identity whenever you make a transaction.