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US Treasury Removes Sanctions on Tornado Cash

The U.S. Treasury Department has removed economic sanctions against Tornado Cash, a cryptocurrency mixer, following a review of legal and policy issues related to evolving technology and financial environments.

The decision, outlined in a Friday filing in Van Loon v. Department of the Treasury, reflects the Administration’s discretion in addressing novel challenges posed by digital assets. Treasury officials emphasized that the move does not diminish concerns over state-sponsored hacking and money laundering, particularly by the Democratic People’s Republic of Korea (DPRK).

US Treasury Removes Sanctions on Tornado Cash

The U.S. Treasury Department has removed economic sanctions against Tornado Cash, a cryptocurrency mixer, following a review of legal and policy issues related to evolving technology and financial environments.

The decision, outlined in a Friday filing in Van Loon v. Department of the Treasury, reflects the Administration’s discretion in addressing novel challenges posed by digital assets. Treasury officials emphasized that the move does not diminish concerns over state-sponsored hacking and money laundering, particularly by the Democratic People’s Republic of Korea (DPRK).

https://news.bitcoin.com/us-treasury-removes-sanctions-on-tornado-cash/