(Reuters) - The U.S. Treasury on Friday lifted economic sanctions against Tornado Cash, a firm that makes cryptocurrency transactions harder to track, which the Biden administration had accused of ...

U.S. Treasury officials have lifted sanctions on Tornado Cash, a crypto mixer that the U.S. government previously said was used to launder $7 billion worth of crypto stolen by North Korean hackers.

On March 21, the U.S. Department of the Treasury lifted sanctions against the cryptocurrency mixer Tornado Cash. Tornado Cash is a privacy-intensive crypto mixer built on the Ethereum network that ...

In this article, we delve into what Tornado Cash is, why it was created, and why its removal from the US sanctions list could be a harbinger of change for the fintech industry as a whole.

In late 2022, former President Biden authorized the Treasury’s Office of Foreign Assets Control, which oversees various economic-based sanctions programs, to sanction Tornado Cash under the ...

Last month, the U.S. Treasury Department's Office of Foreign Asset Control delisted Tornado Cash from its sanctions list, months after an appeals court ruled that the watchdog could not designate the ...

U.S. Treasury officials have lifted sanctions on Tornado Cash, a crypto mixer that the U.S. government previously said was used to launder $7 billion worth of crypto stolen by North Korean hackers.