US Treasury Lifts Sanctions Against Tornado Cash

The United States Department of the Treasury has announced the lifting of sanctions against Tornado Cash, a cryptocurrency mixing service accused of aiding the North Korea-linked Lazarus Group in laundering its illicit gains. This decision comes after a review of the legal and political issues raised by the use of financial sanctions against financial and commercial activities. Tornado Cash had been sanctioned for its alleged role in money laundering, facilitating illicit transactions. The lifting of sanctions could have significant implications for the cryptocurrency industry and efforts to combat money laundering.