Ethereum-based Tornado Cash Sanctioned by US Government The | BSC Gems 100x💎

Ethereum-based Tornado Cash Sanctioned by US Government

The Specially Designated Nationals and Blocked Persons List maintained by the US Department of Treasury has imposed sanctions on the Ethereum-based coin mixer Tornado Cash (SDN). The sanction now makes it illegal for US investors to use the chain of the coin-mixing service for illicit purposes.

The decision went into force on Monday, claims the US Department of Treasury. Companies employ coin mixers to disguise the source of any given transaction, and Tornado Cash, an Ethereum-based cryptocurrency, is quickly gaining popularity.