HomeCoinsBitcoin (BTC)Is Bitcoin Next After Tornado Cash? - Bitcoin Magazine

Is Bitcoin Next After Tornado Cash? – Bitcoin Magazine

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Despite being an automated, decentralized version of a typical cryptocurrency mixer, Tornado Cash was sanctioned by the U.S. government last week as the Treasury Department’s Office of Foreign Assets Control (OFAC) added Ethereum addresses associated with the tool to its specially designated nationals and blocked persons (SDN) list.

Much has been written about the legal aspects of the Treasury Department’s move. Instead of embarking on –– arguably much needed –– advocacy to dispute the legal grounds of such a move, this article seeks to objectively explore the technical intricacies of Tornado Cash and its sanction, as well as evaluate potential risks that could bleed into Bitcoin in the future.



First published here

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“Fact You Need To Know About Cryptocurrency - The first Bitcoin purchase was for pizza.” ― Mohsin Jameel
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