Tornado Cash Blacklisted by U.S. Treasury Department on Allegations of Being National Security Threat

Tornado Cash Blacklisted by U.S. Treasury Department on Allegations of Being National Security Threat


The Daily Hodl
2022-08-08 18:41:01

The U.S. Treasury Department has banned American citizens from using popular coin mixing service Tornado Cash as it says the protocol poses risks to national security. In a press release, the Treasury Department says its Office of Foreign Assets Control (OFAC) arm has sanctioned Tornado Cash which it claims has been used to launder more […]The post Tornado Cash Blacklisted by U.S. Treasury Department on Allegations of Being National Security Threat appeared first on The Daily Hodl.