Alerts8.12.22
OFAC Blocks Smart Contract Mixer by Adding Tornado to SDN List
Highlights
OFAC adds digital asset mixer Tornado Cash to SDN list
Digital asset market participants are prohibited from transacting with Tornado.cash addresses and smart contract
OFAC puts digital asset market on notice that decentralized smart contracts may be blocked by U.S. Department of the Treasury
The Office of Foreign Assets Control (OFAC) has added its first smart contract to the OFAC Specially Designated Nationals and Blocked Persons List (SDN). OFAC added the virtual currency mixer Tornado Cash, aka Tornado.cash, to the SDN list on Aug. 8, blocking its digital asset addresses and smart contract address for U.S. persons and entities.
Keep Up to Date in a Changing World
Do you want to receive more valuable insights directly in your inbox? Visit our subscription center and let us know what you’re interested in learning more about.
