Tether Says Will Not Block Tornado Cash until it is Directed by Authorities

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 …

Be the first to comment

Leave a Reply

Your email address will not be published.