On November 28, the court decided that the unchangeable smart contract in the Tornado Cash case is not considered property and cannot be punished under current laws. Some people believe this is a big win for those who want more privacy. However, the ruling doesn’t support illegal activities. This decision sets an example for programmers to create and share smart contract protocols without worries.
10X Research, a company that helps investors, said this could also make it easier for developers to know what they can build without being watched by regulators, especially on Ethereum, which is a popular platform for financial services. Balaji Srinivasan, a former Coinbase employee and a famous person in the cryptocurrency world, said on a social media platform that privacy, smart contracts, and Tornado Cash won, but the Office of Foreign Assets Control (OFAC) lost.
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<p>The post Tornado Cash Ruling: Smart Contracts Protected from Sanctions first appeared on CoinBuzzFeed.</p>
