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U.S. Sanctions on Tornado Cash: What Does This Mean for Crypto? - Built In

Thu Oct 27 , 2022
In a first for crypto regulations, the U.S. Treasury Department’s Office of Foreign Assets Control sanctioned Tornado Cash — a tool for concealing the origins of cryptocurrency transactions — for its role in laundering $7 billion, or 300,160 ETH, in digital assets since its 2019 inception.The sanctions barred all stateside individuals and entities from using […]
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