2 years ago
The U.S. Department of the Treasury wants radical who had pending transactions earlier the Tornado Cash sanctions went into spot to use for a licence to process the withdrawal of their assets.
In an FAQ effect connected Sept. 13, the Treasury said the argumentation applies to transactions initiated earlier the sanctions were implemented connected Aug. 8.
Users who had sent cryptocurrency to Tornado Cash but did not implicit the mixing transaction earlier the designated day tin use for a withdrawal licence from the OFAC.
“U.S. persons oregon persons conducting transactions wrong U.S. jurisdiction whitethorn petition a circumstantial licence from OFAC to prosecute successful transactions involving the taxable virtual currency.”
Affected users are required to taxable elaborate accusation relating to their enactment with Tornado Cash, including wallet address, transaction hashes, day and clip of the transaction(s), arsenic good arsenic the magnitude involved.
Open-source codification not prohibited
The Treasury added that portion facilitating transactions done Tornado Cash remains prohibited successful the U.S., interacting with open-source codes is not prohibited.
“U.S. persons would not beryllium prohibited by U.S. sanctions regulations from copying the open-source codification and making it disposable online.”
CryptoSlate reported antecedently that Professor Matthew Green re-uploaded the Tornado Cash root codification on GitHub to thatch his students astir cryptocurrency and zero-knowledge technology.
The station US Treasury Department requiring US citizens to get a licence for withdrawing assets from Tornado Cash appeared archetypal connected CryptoSlate.
English (US) 