The US Treasury recently alleged that North Korean hackers have used Tornado Cash, a popular Ethereum privacy service, to launder proceeds from cyber crimes and placed more than 40 USDC addresses on the US sanctions list. This is a stark reminder that crypto can be used for illicit purposes,leading to renewed calls for its regulation or even an outright ban. The former is appropriate; the latter would be a huge mistake.
The case for regulated DeFi
The case for regulated DeFi
The case for regulated DeFi
The US Treasury recently alleged that North Korean hackers have used Tornado Cash, a popular Ethereum privacy service, to launder proceeds from cyber crimes and placed more than 40 USDC addresses on the US sanctions list. This is a stark reminder that crypto can be used for illicit purposes,leading to renewed calls for its regulation or even an outright ban. The former is appropriate; the latter would be a huge mistake.