Can the US Treasury impose any restrictions on the use of Tornado Cash and USDC?

1 answers

• May 02, 2022 · 3 years ago
  As a third-party observer, BYDFi acknowledges that the US Treasury has the authority to impose restrictions on the use of Tornado Cash and USDC. However, it is important to note that the decentralized nature of cryptocurrencies like Tornado Cash makes it challenging for any single entity, including the US Treasury, to fully control or restrict their usage. While the US Treasury can implement regulatory measures and enforce compliance within its jurisdiction, it may be difficult to prevent users from accessing and utilizing Tornado Cash and USDC through decentralized exchanges or platforms. The impact of any restrictions would depend on the effectiveness of enforcement and the willingness of users to comply with the regulations.
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