US Treasury takes drastic decision and makes crypto service illegal to curb laundering

US Treasury takes drastic decision and makes crypto service illegal to curb laundering

The United States Department of the Treasury on Monday banned all Americans from using the Tornado Cash cryptocurrency mixing service. The tool allows users to shuffle cryptocurrency transactions to hide the origin of values. The Office of Foreign Assets Control (OFAC), the Treasury agency charged with preventing sanctions violations, has added Tornado Cash to “Specially …

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