US Treasury blacklists Tornado Cash, sparking criticism from the crypto industry

    The US Treasury sanctions against the crypto mixer Tornado Cash meet criticism from the crypto community. While GitHub, stablecoin issuers and crypto infrastructure providers join the Treasury action, some anonymous troll is sending crypto from a Tornado Cash wallet, trying to “dust” numerous celebrities. On August 8, the US Department of the Treasury announced sanctions…

    US Treasury first imposes sanctions on a crypto mixer

    The US Department of the Treasury’s Office of Foreign Assets Control (OFAC) has announced new sanctions on a cryptocurrency mixer Blender.io, which happens to be used by North Korea (DPRK) and other illicit activity. In a press release on May 6, OFAC said that the mixer is allegedly being used by hackers in North Korea…

    Why are regulators so concerned about stablecoins?

    As Reuters reported Friday, citing three unnamed sources, the US Treasury Department met with a number of industry players this week to discuss the risks and benefits posed by stablecoins – a fast-growing type of cryptocurrencies whose value is tied to traditional currencies. But why are regulators so interested in them? With a market cap…