US Treasury lifts sanctions on crypto mixer linked to North Korean laundering



News US Treasury lifts sanctions on crypto mixer linked to North Korean laundering Blockchain industry hails reversal of Tornado Cash designation, but critics say move will only empower DPRK cybercrime Shreyas Reddy March 24, 2025 SHARE COPY LINK FACEBOOK X LINKEDIN MASTODON An illustration of a tornado of cash above the U.S. Treasury \| Image: NK News The U.S. has lifted sanctions against an anonymized cryptocurrency mixer linked to North Korean money laundering, an action blockchain professionals and privacy advocates have hailed as a major victory against government overreach. The Treasury Department announced in a press release on Friday that it delisted the decentralized Tornado Cash in line with a review by President Donald Trump’s administration of financial sanctions involving evolving technologies. The U.S. has lifted sanctions against an anonymized cryptocurrency mixer linked to North Korean money laundering, an action blockchain professionals and privacy advocates have hailed as a major victory against government overreach. The Treasury Department announced in a press release on Friday that it delisted the decentralized Tornado Cash in line with a review by President Donald Trump’s administration of financial sanctions involving evolving technologies. Try unlimited access Only $1 for four weeks Unlimited access to all of NK News: reporting, investigations, analysis Year-one discount if you continue past $1 trial period The NK News Daily Update, an email newsletter to keep you in the loop Searchable archive of all content, photo galleries, special columns Contact NK News reporters with tips or requests for reporting Get unlimited access to all NK News content, including original reporting, investigations, and analyses by our team of DPRK experts. Subscribe now All major cards accepted. No commitments – you can cancel any time. © Korea Risk Group. All rights reserved. No part of this content may be reproduced, distributed, or used for commercial purposes without prior written permission from Korea Risk Group. Get the Daily Update Start your day with the North Korea stories that matter most – as selected by And how should we address you in correspondence? One more step! Please check your inbox, for an email we just sent you, and click on the confirmation message in it to get subscribed to our Daily News Update. Trending

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US Treasury lifts sanctions on crypto mixer linked to North Korean laundering

Blockchain industry hails reversal of Tornado Cash designation, but critics say move will only empower DPRK cybercrime

Shreyas Reddy March 24, 2025

US Treasury lifts sanctions on crypto mixer linked to North Korean laundering

An illustration of a tornado of cash above the U.S. Treasury | Image: NK News

The U.S. has lifted sanctions against an anonymized cryptocurrency mixer linked to North Korean money laundering, an action blockchain professionals and privacy advocates have hailed as a major victory against government overreach.

The Treasury Department announced in a press release on Friday that it delisted the decentralized Tornado Cash in line with a review by President Donald Trump’s administration of financial sanctions involving evolving technologies.

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US Treasury lifts sanctions on crypto mixer linked to North Korean laundering

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