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Enrique Dans for dummies

Tornado Cash: Legal Victory for Crypto Privacy

29 Nov 2024

Description

A U.S. appeals court overturned sanctions against Tornado Cash, a cryptocurrency mixing service, ruling that the government cannot sanction technology simply because it can be used for illegal purposes. This decision has significant implications for cryptocurrency privacy, open-source software, and government regulation of decentralized technologies. The ruling clarifies the limits of government power regarding the sanctioning of code and emphasizes the importance of protecting financial privacy. While the ruling is a victory for crypto privacy advocates, the ongoing debate about regulating cryptocurrency and preventing its use in criminal activities persists. The decision highlights the complex legal challenges presented by the intersection of technology and finance. This article is also available in English on my Medium page, «Cryptocurrency tumblers are legal again… for the moment«

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