US OFAC Targets Tornado Cash Developers Over Alleged Money Transmission Violations

Controversy has erupted as two developers from Tornado Cash, Roman Storm and Romen Semenov, find themselves in the crosshairs of the United States Office of Foreign Assets Control (OFAC). The duo were charged on August 23, facing allegations of conspiring to manage an unlicensed money-transmitting operation, among other accusations. Peter Van Valkenburgh, the research director of the crypto-centric group Coin Center, expressed skepticism over the indictment. He clarified that the claims in the charges seemed inconsistent with the guidelines set by the U.S. Financial Crimes Enforcement...



source: https://tokenpost.com/US-Developers-Face-Legal-Hurdle-Over-Alleged-Money-Transmission-Service-10572

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