Pages:
Author

Topic: Tornado Cash mixing service is now blacklisted in US - page 4. (Read 850 times)

hero member
Activity: 1554
Merit: 880
pxzone.online
What is interesting about this is that the service is actually a piece of code, which can be run locally or in another server.
This the good thing of a decentralized platform, (censorship-resistant) authority can only suspends its website domain or hosting but it can still be used freely.
But since it's dependent to github repo, which can be sanctioned too like they did to Iran and other countries suspending github accounts or blocked the access of github with US request which they will do it lately, after realizing it's useless suspending only the website and not its whole process.
I hope there's also a decentralized code repositories (better if there is already) for decentralized platform's to preserve its codes.
legendary
Activity: 2352
Merit: 6089
bitcoindata.science
Quote
https://www.cnbc.com/2022/08/08/crypto-mixing-service-tornado-cash-blacklisted-by-treasury-department-.html
Crypto mixing service Tornado Cash blacklisted by Treasury Department for alleged use in laundering


    The Treasury Department has sanctioned the popular cryptocurrency mixing service Tornado Cash for allegedly helping launder over $7 billion of virtual currency.
    The decision means that Americans are banned from using the service.
    Similar sanctions were imposed in May 2022 on another popular service, Blender.io.

....

However, enforcing such a move may be difficult for the government and overly restrictive, according to Coin Center, a nonprofit focused on crypto regulation. That’s because there’s no single person or entity behind the use of Tornado Cash, an open-source tool.

US just hit another mixer, the ethereum mixer Tornado cash.

What is interesting about this is that the service is actually a piece of code, which can be run locally or in another server.

https://tornado-cash.medium.com/tornado-cash-classic-ui-is-now-open-source-4b542b705a97
Pages:
Jump to: