Open Source Software for Treasury Sanctions

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The following is an excerpt from a recent edition of Bitcoin Magazine Pro, Bitcoin Magazine premium markets newsletter. To be among the first to receive this information and other on-chain bitcoin market analysis straight to your inbox, Subscribe now.

Early August 8, 2022, the U.S. Treasury announced that Tornado Cash has been added to the U.S. Office of Foreign Assets Control (OFAC) SDN List (the list of Specially Designated Nationals with whom Americans and U.S. companies are not permitted to transact business). transactions). Tornado Cash, a non-custodial open-source software project built on Ethereum, has allowed users to shuffle their coins through the use of the Tornado Cash smart contract, obscuring the previous trace of the coins (which are of course transacted on a ledger transparent) .



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