Is tornado cash compliant with the US Treasury Department’s new sanctions?

Crypto privacy mixer Tornado Cash drew attention last week after the U.S. Treasury Department sanctioned the service last week. The implications of complying with the sanctions are starting to sink in with the rest of the industry, raising questions about just what compliance looks like.

Will the Treasury blacklist tornado cash?

The U.S. Treasury’s blacklisting of of Tornado Cash on Monday will do more than just take down criminals. Many ordinary crypto investors are likely to be hurt, experts say. A tornado is seen on a field in D’arcy, Saskatchewan, Canada June 15, 2021. The Treasury Department’s crackdown on Tornado Cash was meant to stop criminals.

What is tornado cash & how does it work?

Intent does not matter.” Tornado Cash is used by some people as a legitimate way to protect their privacy in the still nascent crypto market. When a buyer pays for something using a crypto wallet, the recipient of the transfer has access to the purchaser’s public crypto wallet, showing account details and history.

Is a tornado a threat to crypto investors?

A tornado is seen on a field in D’arcy, Saskatchewan, Canada June 15, 2021. The Treasury Department’s crackdown on Tornado Cash was meant to stop criminals. But a lot of ordinary crypto investors with honest intentions are now at risk.