CommerceBlock CEO slams US Treasury Department’s crackdown on Tornado Cash, says it ‘makes little sense’

Aug 09,2022
KingData News: The U.S. Department of Treasury made Ethereum-based mixer Torando Cash (TORN)the first smart contract to get sanctioned by the U.S. government by banning it to prevent North Korean criminals from laundering money. CommerceBlock’s privacy pioneer CEO Nicholas Gregory commented on this decision. He said:“The ban on Tornado Cash makes little sense, because in the end, no one can prevent people from using other mixer smart contracts, or forking the existing ones. It neither hinders cybercrime, nor privacy. What if someone outside the U.S. mixes their funds through Tornado and then puts them up on Uniswap. Then I go in and somehow get those ‘dirty’ tokens from Uniswap. Did I break the U.S. law now?”
Recently, the U.S. Treasury Department placed Tornado Cash on its sanctions list, which prohibits U.S. citizens from using. This indicator provides market updates on Tornado Cash sanctions.
462Follow
62,404

Recommend

More