The U.S. Department of the Treasury today announced its decision to remove the economic sanctions against Tornado Cash.
The decision follows “the Administration’s review of the novel legal and policy issues raised by use of financial sanctions against financial and commercial activity occurring within evolving technology and legal environments”.
“Digital assets present enormous opportunities for innovation and value creation for the American people,” said Secretary of the Treasury Scott Bessent. “Securing the digital asset industry from abuse by North Korea and other illicit actors is essential to establishing U.S. leadership and ensuring that the American people can benefit from financial innovation and inclusion.”
In August 2022, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) sanctioned…
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