Crypto-Mixing Service Tornado Cash Blacklisted by US Treasury

Aug 09,2022
KingData News: The Treasury Department has banned all Americans from using decentralized crypto-mixing service Tornado Cash. The Office of Foreign Assets Control (OFAC), a watchdog agency tasked with preventing sanctions violations, on Monday added Tornado Cash to its Specially Designated Nationals list, a running tally of blacklisted people, entities and cryptocurrency addresses. As a result, all U.S. persons and entities are prohibited from interacting with Tornado Cash or any of the Ethereum wallet addresses tied to the protocol. Those who do may face criminal penalties.
Recently, the U.S. Treasury Department placed Tornado Cash on its sanctions list, which prohibits U.S. citizens from using. This indicator provides market updates on Tornado Cash sanctions.
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