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ETHEREUM BUILDERS COOPERATE WITH TORNADO CASH SANCTIONS
Ethereum block builders are largely complying with Tornado Cash sanctions, according to a Federal Reserve Bank of New York report.
The report assesses OFAC's blacklist impact on Tornado Cash, which enhances privacy but has been targeted for illicit activities. The U.S. Treasury banned American involvement with Tornado Cash in August 2022.
Roman Storm, a Tornado Cash developer, is on trial, while Alexey Pertsev was convicted in the Netherlands. Compliance among block validators has increased post an August 2023 court ruling favoring OFAC, showing regulatory clarity's importance.
Though non-U.S. persons may not be subject to sanctions, Tornado Cash usage has declined, indicating weaker censorship resistance.
#TONonBinance #XRPVictory #MarketDownturn #etherreum #RomanStorm
Ethereum block builders are largely complying with Tornado Cash sanctions, according to a Federal Reserve Bank of New York report.
The report assesses OFAC's blacklist impact on Tornado Cash, which enhances privacy but has been targeted for illicit activities. The U.S. Treasury banned American involvement with Tornado Cash in August 2022.
Roman Storm, a Tornado Cash developer, is on trial, while Alexey Pertsev was convicted in the Netherlands. Compliance among block validators has increased post an August 2023 court ruling favoring OFAC, showing regulatory clarity's importance.
Though non-U.S. persons may not be subject to sanctions, Tornado Cash usage has declined, indicating weaker censorship resistance.
#TONonBinance #XRPVictory #MarketDownturn #etherreum #RomanStorm
