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Early Friday morning, the U.S. Department of the Treasury announced it had removed smart contracts associated with crypto privacy and mixing service Tornado Cash from its Office of Foreign Assets Control sanctions list.
The August 2022 addition of Tornado Cash to this list spawned widespread crypto industry condemnation and resulted in a “chilling effect,” which led many crypto service providers to adopt draconian censorship policies to preclude interactions with addresses that had utilized the previously sanctioned mixing service.
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