Overview

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In a March 21 statement, the Treasury said OFAC removed several dozen Tornado-affiliated smart contract addresses on the Ethereum blockchain network from its sanctions list. Tornado Cash is a decentralized, non-custodial cryptocurrency mixer built primarily on the Ethereum blockchain. It operates by pooling funds from multiple users, mixing Ethereum-Based Coin Mixer Tornado Cash has received a sanction on the United States Department of Treasury’s Specially Designated Nationals And Blocked Persons Tornado Cash(Tornado)is a virtual currency mixer that operates on the Ethereum blockchain and indiscriminately facilitates anonymous transactions by obfuscating their origin, destination, and counterparties, with no attempt to determine their origin. Tornado receives a variety of transactions and mixes them together Ver más

Tornado Cash: An Ethereum-Based Coin Mixer Under US Sanctions

Tornado Cash is a decentralized, non-custodial cryptocurrency mixer built primarily on the Ethereum blockchain. It operates by pooling funds from multiple users, mixing a variety of transactions together to obfuscate their origin, destination, and counterparties.

US Government Sanctions Against Tornado Cash

Tornado Cash(Tornado) is a virtual currency mixer that operates on the Ethereum blockchain and indiscriminately facilitates anonymous transactions. This has led to its sanction by the United States Department of Treasury’s Specially Designated Nationals And Blocked Persons (SDN) list.

How Tornado Cash Works

Ethereum-Based Coin Mixer Tornado Cash is designed to provide transaction anonymity. It achieves this by mixing a variety of transactions and blending them together.

Recent Developments: OFAC's Actions on Tornado Cash Addresses

In a March 21 statement, the Treasury said OFAC removed several dozen Tornado-affiliated smart contract addresses on the Ethereum blockchain network from its sanctions list. However, the core sanctions regarding interacting with Tornado Cash remain in effect.

Understanding the Implications

The sanctions against Tornado Cash highlight the regulatory challenges surrounding cryptocurrency mixers and the balance between privacy and preventing illicit activities. Ver más for additional information.