U.S. Treasury Announces Immediate Ban on Use of Crypto Mixer Tornado Cash

Citing its use in the laundering of an estimated $7 billion in illicit currency, the United States Treasury has blacklisted the crypto mixing outfit Tornado Cash. Now that the company has been added to the government entity’s list of Specially Designated Nationals, all individuals and organizations in the U.S. face criminal penalties for interacting with Tornado Cash going forward...