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You could just read what treasury wrote and argue with facts instead of vague rhetoric about lazy law enforcement > “Today, Treasury is sanctioning Tornado Cas
by nh23423fefe 4y ago
You could just read what treasury wrote and argue with facts instead of vague rhetoric about lazy law enforcement
> “Today, Treasury is sanctioning Tornado Cash, a virtual currency mixer that launders the proceeds of cybercrimes, including those committed against victims in the United States,” said Under Secretary of the Treasury for Terrorism and Financial Intelligence Brian E. Nelson. “Despite public assurances otherwise, Tornado Cash has repeatedly failed to impose effective controls designed to stop it from laundering funds for malicious cyber actors on a regular basis and without basic measures to address its risks. Treasury will continue to aggressively pursue actions against mixers that launder virtual currency for criminals and those who assist them.”
https://home.treasury.gov/news/press-releases/jy0916 https://home.treasury.gov/news/press-releases/jy0916
- DennisP 4y agoThere are two Tornado Cash entities: one is made of people, and the other is autonomous code running on chain. The OFAC action confuses those two, and it's not clear they have the authority to sanction code. For much more on this, see the legal analysis by Coincenter: https://www.coincenter.org/analysis-what-is-and-what-is-not-a-sanctionable-entity-in-the-tornado-cash-case/ https://www.coincenter.org/analysis-what-is-and-what-is-not-... Note that FinCEN does pay attention to this sort of distinction, and says that software providers are not subject to money laundering regulation.