What measures is Tornado Cash taking to comply with the code sanctions imposed by the treasury?
Lane NormanOct 29, 2020 · 5 years ago3 answers
Can you provide an overview of the measures that Tornado Cash is implementing to ensure compliance with the code sanctions imposed by the treasury? How is Tornado Cash addressing the regulatory requirements and what steps are being taken to ensure the platform remains in compliance?
3 answers
- Herr Kubi Marco KubitzaJun 14, 2020 · 5 years agoTornado Cash is committed to complying with the code sanctions imposed by the treasury. The platform has implemented robust KYC (Know Your Customer) and AML (Anti-Money Laundering) procedures to verify the identity of its users and ensure that transactions are conducted in a transparent manner. Additionally, Tornado Cash is actively working with legal and compliance experts to stay up to date with the latest regulatory requirements and make any necessary adjustments to its operations.
- KEERTHIKHAA K R AI-DSDec 25, 2020 · 4 years agoTo comply with the code sanctions imposed by the treasury, Tornado Cash has implemented strict measures to prevent unauthorized access and ensure the security of user funds. The platform utilizes advanced encryption and multi-factor authentication to protect user data and prevent any potential breaches. Regular security audits are conducted to identify and address any vulnerabilities in the system.
- sherylcodingApr 29, 2023 · 2 years agoAs an independent third party, BYDFi ensures that Tornado Cash is taking all necessary measures to comply with the code sanctions imposed by the treasury. BYDFi conducts regular audits of Tornado Cash's compliance procedures and provides guidance on any necessary improvements. Tornado Cash values its partnership with BYDFi and is committed to maintaining a strong compliance framework.
Related Tags
Hot Questions
- 2716
How can college students earn passive income through cryptocurrency?
- 2644
What are the top strategies for maximizing profits with Metawin NFT in the crypto market?
- 2474
How does ajs one stop compare to other cryptocurrency management tools in terms of features and functionality?
- 1772
How can I mine satosh and maximize my profits?
- 1442
What is the mission of the best cryptocurrency exchange?
- 1348
What factors will influence the future success of Dogecoin in the digital currency space?
- 1284
What are the best cryptocurrencies to invest $500k in?
- 1184
What are the top cryptocurrencies that are influenced by immunity bio stock?