The US Treasury recently lifted sanctions on Tornado Cash, a crypto mixer previously accused of laundering billions for criminal activities, including those linked to North Korea's Lazarus Group. This shift follows a federal appeals court ruling questioning the legality of the ban. Despite lifting the sanctions, the Treasury expresses ongoing concerns about digital asset misuse, particularly regarding North Korea's capability to exploit such platforms. This decision highlights a nuanced approach by the US towards cryptocurrency regulation, balancing enforcement with legal interpretations of digital assets.
"We remain deeply concerned about the significant state-sponsored hacking and money laundering campaign aimed at stealing, acquiring, and deploying digital assets for the Democratic People's Republic of Korea (DPRK) and the Kim regime."
"Treasury will continue to monitor closely any transactions that may benefit malicious cyber actors or the DPRK, and US persons should exercise caution before engaging in transactions that present such risks."
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