The broader cryptocurrency industry is subtly pushing back against the sanctions on Tornado Cash by the United States Treasury Department for facilitating the transaction of illicit funds.
In a new report by the Washington Post, USDT issuer, Tether has affirmed it will not be blockchain addresses linked to Tornado Cash unless explicitly asked to do so by the government.
Prior to seeking confirmation from Tether's CTO Paolo Ardoino about its stance on blocking addresses linked to Tornado Cash, The Washington Post's report was based on Dune Analytics data which shows Tether Holdings has not taken any actions against these wallet addresses.
"Tether has not been contacted by U.S. officials or law enforcement with a request" to freeze transactions with Tornado Cash, Ardoino said in a statement, adding that the company "normally complies with requests from U.S. authorities."
Industry experts believe Tether may be in violation of the broader Office of Foreign Assets Control's (OFAC)...
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