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sanctions Tornado CashCoinGape
•Business
Business & Economics
65% Informative
US appeals court overturned OFAC sanctions against Tornado Cash .
U.S. Treasury Department acted outside its authority when it sanctioned Tornado Cash in 2022 and accused it of helping launder over $7 billion for North Korean hackers and other malicious cyber actors.
The Fifth Circuit Court of Appeals’s mandate and judgment actually came in November last year .
Immutable smart contracts cannot be “property” because they cannot be owned or controlled by anyone.
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