US Treasury Clarifies How to Comply With Regulations on Sanctioned Crypto Mixing Service Tornado Cash – Regulation Bitcoin News

US Treasury Clarifies How to Comply With Regulations on Sanctioned Crypto Mixing Service Tornado Cash

U.S. persons or persons conducting transactions within U.S. jurisdiction may request a specific license from OFAC to engage in transactions involving the subject virtual currency. While cautioning that “Technically, OFAC’s regulations would apply to these transactions,” the Treasury explained that if these dusting transactions have no other sanctions nexus besides Tornado Cash:

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