US Government Officially Removes Tornado Cash Sanctions | Headlines | News | CoinMarketCap
03/22/2025 23:04
The United States Treasury Department has lifted the sanctions imposed on Tornado Cash and removed it from its global blacklist. The US had …
The United States Treasury Department has lifted the sanctions imposed on Tornado Cash and removed it from its global blacklist. The US had sanctioned the crypto mixing tool for money laundering.
Over 100 Ethereum addresses are also being removed from the Specially Designated Nationals List, used by the Treasury to maintain its blacklist.
US Lifts Tornado Cash Sanctions
The US lifted the sanctions against the crypto mixer on March 21, 2025, amid broader discussions about financial privacy, innovation, and the effectiveness of sanctions in curbing illicit economic activity. Tornado Cash has been accused of helping the dreaded Lazarus Group, a North Korean hacking entity. The group was involved in the recent Bybit hack, draining over $1.4 billion from the exchange. However, …