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CoinCenter may file a case against the sanction imposed on Trondado Cash

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CoinCenter may file a case against the sanction imposed on Trondado Cash 2

Crypto advocacy group Coin Center may challenge the decision of US sanctions imposed on the crypto mixer platform Tornado Cash.

Coin Center is a US based non-profit group, which remains ready to do research on crypto-associated policies and also advocate the policy issues related to cryptocurrency and decentralized computing technologies like blockchain. This time, this crypto advocacy group decided to bring the right judgment for the Tornado Cash platform.

Recently Coin Center published a blog and noted that the Treasury Department’s Office of Foreign Asset Control (OFAC) overstepped its legal authority” when it added digital assets mixer platform Tornado Cash and 44 linked crypto wallet addresses to its list of Specially Designated Nationals (SDNs) on Monday of last week.

According to the research of the Coin Center team, the decision of the US government against Tornado Cash is a violation of the constitutional rights to due process and free speech” and they were exploring bringing the matter to court.

“By treating autonomous code as a ‘person’ OFAC exceeds its statutory authority,”

Here Coin Center will not take legal action directly, instead ithry will first discuss this matter with OFAC, in addition to briefing members of Congress. 

Ethereum co-founder against sanction on Tornado Cash

On 8 August 2022, the Tornado Cash platform was pushed by the US agencies under the sanctions list. Many people appreciated the move of the US Government as a good decision against the bad actors but still, many crypto proponents criticized this decision.

Vitalik Buterin, Co-founder of Ethereum blockchain, said that he sent crypto donation funds to Ukraine when the Russian vs Ukraine conflict was at a tremendous level. Vitalik also said that he used the Tornado Cash platform to hide the crypto funds receivers, not to hide himself. 

So according to Vitalik, the Tornado Cash platform is a tool and all is on the people, in which way they want to use it. 

Read also: Android & iOS applications on Dogecoin will possible in near future

CoinCenter may file a case against the sanction imposed on Trondado Cash

 

https://bitcoinik.com/coincenter-may-file-a-case-against-the-sanction-imposed-on-trondado-cash/feed/

https://bitcoinik.com/coincenter-may-file-a-case-against-the-sanction-imposed-on-trondado-cash/feed/

 

 

 

 

 

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