US authorities are evaluating services to confuse cryptocurrencies with potential threats and continue to strictly control their activities. The Block writes about it, citing representatives of the bitcoin industry.

To them, the sanctions imposed on Tornado Cash the day before prove the seriousness of the intent. OFAC to combat illegal activities in the crypto market.

“The United States will absolutely not tolerate excuses that mixers are neutral services. If such a service facilitates the activities of malicious actors, sanctions from the authorities cannot be avoided,” he said.

He suggested that the situation with Tornado Cash will affect the operations of many exchanges – they will need to carry out extensive checks to avoid processing prohibited transactions.

Industry promotion and advocacy organization Coin Center has expressed concern about OFAC’s actions.

“Actually, it’s not about banning the use of the financial system by a single non-US citizen, it’s about banning every American’s ability to use a particular open source software tool,” said Jerry Brito, Executive Director of Coin Center and Research. Directed by Peter Van Valkenburgh.

According to them, any American could potentially receive money associated with Tornado Cash.

Those who say, “By the nature of the blockchain, it is possible to violate any transaction without rejecting any transaction, without malicious intent,” added that in such a case, the enforcement mechanism should be explained in detail.

Experts at the Nansen analytics company fear large-scale consequences for the cryptocurrency industry against the backdrop of the authorities’ potential to “validate some of the codes.” The situation is exacerbated by the already habitual delay of the government and regulators behind technological innovations.

“Confidentiality is important so that metadata is not monitored or unfairly identified as a DPRK-related activity, as the government cannot identify the Tornado Cash code,” said Hudson Jameson, a former Ethereum Foundation employee.

On the contrary, other members of the crypto community believe that the active opposition of the authorities confirms the right vector for the development of the market.

“Governments will always resist human rights, financial freedom and privacy. The truth is, they can sanction Tornado Cash, but the smart contract will continue,” wrote Ether podcast host Eric Konner.

Recall, on the eve of OFAC, Tornado Cash was put on the sanctions list due to suspicions of cryptocurrency laundering in excess of $ 7 billion.

Circle froze 75,000 USDC in Mixer’s sub-approved wallets and the service team’s GitHub accounts were suspended.

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