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Expert Analysis

Tornado Cash Sanctions May Signal Enforcement Shift

By Kara Bombach, Kyle Freeny and David Miller (September 2, 2022, 11:08 AM EDT) -- In a move that has shaken the virtual currency industry, the U.S. Department of the Treasury's Office of Foreign Assets Control on Aug. 8 imposed economic sanctions on Tornado Cash, a popular cryptocurrency mixing service that allows customers to obscure the original source of virtual currency transactions by mixing multiple transactions and then redistributing them....

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