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There 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
by DennisP 4y ago
There 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.