The US Treasury removes economic sanctions against Hurricane Criticism

The Office of the Ministry of Foreign Assets (OFAC) removes Cash Cash from the National List of Nationals (SDN).

According to a new advertisement From the Treasury, OFAC removes economic sanctions against the encryption protocol.

Tornado Cash is the “encryption mixer” that uses smart contracts for encryption and prove zero knowledge to hide the digital asset transactions paths. It has been criticized to facilitate bad actors, such as the Lazaros Group in North Korea, which uses Tornado Cash to launder stolen money tending to nuclear development.

The move comes two months after the US Appeal Court in New Orleans lifted the Fifth Circuit against the controversial protocol.

“The ruling issued by the provincial court is required, and the case will be returned to the Court of Appeal at the Court of Appeal in the United States’ Appeals Court for other procedures, according to the opinion of this court.”

The Treasury was officially submitted to the courts on Monday to remove the hurricane funds from the US sanctions list. Now, Tornado Cash Ethereum address officially It was removed.

Treasury Secretary Scott Bessin says,

“Digital assets offer enormous opportunities to innovate and create value for the American people.

Securing the digital asset industry from ill -treatment by North Korea and other illegal actors is necessary to establish an American leadership and ensure that the American people can benefit from financial innovation and inclusion. “

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