Treasury's Designation of the Tornado Cash Mixer Brings Thorny Complications

Since OFAC designated the cryptocurrency mixing protocol Tornado Cash earlier this month for the service’s facilitation of money laundering, much of the crypto space has been abuzz with disapproval. Yaya Fanusie has talked to various media outlets the past few weeks conveying that, despite the complications of this designation, regulated financial entities still need to comply and stay away from the mixing service. Here’s a Coin Desk article about the initial designation and a piece in Fortune covering the response from stablecoin issuers.