Blockchain Association files brief in Tornado Cash case

The plaintiffs argued that OFAC violated the Administrative Procedures Act by sanctioning an entity that was not liable to its sanction, violating users’ right to free speech and deprivation of property without due process. The plaintiffsTornado Cash dev says ‘sequel’ to crypto mixer aims to be regulator-friendly

“Ordinarily, OFAC would not consider sanctioning neutral tools used by some people for illicit activities, it would sanction the people committing those activities. The same perspective should apply to OFAC’s action against Tornado Cash.”

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Posts target Australian bank ANZ with misleading cash withdrawal claimAfter major Australian bank ANZ said it would end over-the-counter cash withdrawals in some branches, misleading posts started claiming the move was a ploy to prevent the public from accessing cash to force them to shift to digital currency. But a spokesman for the bank said withdrawals can still be done through ATMs for branches that no longer handle cash at the counter. While Australia has been considering digital currency, finance experts told AFP the bank's decision was likely due to an overall decline in the public's use of physical cash.
Source: AFPFactCheck - 🏆 540. / 51 Read more »