Cryptocurrencies
Treasury Removes Sanctions on Cryptocurrency Mixer Tornado Cash
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The US Treasury Department said it is removing sanctions on cryptocurrency mixer Tornado Cash imposed in 2022 after the service was used by North Korean hackers to launder stolen tokens.
The removal comes after an appeals court ruled last year that the Treasury overstepped its authority with the sanctions. A crypto token associated with Tornado Cash, known as TORN, jumped 72% following the announcement, according to prices on CoinMarketCap.