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What measures is Tornado Cash taking to comply with the code sanctions imposed by the treasury?

Mr NULLApr 30, 2022 · 3 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

  • Apr 30, 2022 · 3 years ago
    Tornado 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.
  • Apr 30, 2022 · 3 years ago
    To 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.
  • Apr 30, 2022 · 3 years ago
    As 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.