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Pryor Cashman Partner Jeffrey Alberts, who co-heads the firm's FinTech Group, authored an article, "Sanctioning Code: What's Next for Crypto Sanctions?" for the New York Law Journal.
The United States continues to target malicious actors and the virtual asset service providers they use, including virtual currency mixer Tornado Cash.
The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) sanctioned Tornado Cash for money laundering, citing that the so-called virtual currency mixer has been utilized to launder more than $7 billion in virtual currency since its launch in 2019.
On Monday, the Department of the Treasury’s Office of Foreign Assets Control (OFAC) sanctioned “virtual currency mixer” Tornado Cash for laundering the
The Treasury Department sanctioned cryptocurrency mixer Tornado Cash on August 8, saying the service has been used to launder over $7 billion worth of virtual currency.