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At a closed-door hearing in Den Bosch, the Netherlands, held Wednesday, Pertsev’s lawyers sought for him to be offered bail. That request was rejected by the judge, but the court nonetheless set an 90-day time limit within which an initial public hearing must take place, a spokesperson for the Dutch
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United States Congressman Tom Emmer sent a four-page letter to Treasury Secretary Janet Yellen on Tuesday regarding the Treasury Department’s sanctioning of cryptocurrency mixer Tornado Cash on Aug. 8. In his letter, Emmer posed a series of questions that seek to clarify the position of the Treasury Department’s Office of
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His letter echoes comments made by the broader crypto industry, which saw the sanctions as a major concern. Coin Center, a crypto think tank, has threatened to bring a legal action against the Treasury Department, questioning whether a running, autonomous smart contract can even be added to the sanctions list. Original
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Things have not been looking too good for the crypto market in recent months, with the market seemingly being gripped by one piece of bad news after another. To this point, on Aug. 8, the United States Department of the Treasury’s Office of Foreign Assets Control (OFAC) issued legal sanctions
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The FIOD statement is “more FUD, more fear, uncertainty and doubt, coming from Dutch regulators and from Dutch institutions. It’s not good,” she said. Blanc is the founder of cryptocanal.org, a Web3 events and consultancy company. “Let’s stay competitive, let’s have clear laws … this creates uncertainty.” Original Source
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The jailed Tornado Cash developer has sparked controversy in crypto. Should open source contributors be held accountable for what others do with their creations? Source
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With just 28 legislative days left this year, “it’s unlikely that any crypto legislation is going to move,” U.S. Representative Tom Emmer said on CryptoX TV’s “First Mover” show. Source
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The United States' move to sanction the open-source code that makes up the Tornado Cash privacy protocol may be shocking, but it’s not surprising. America has been tightening its grip over the global financial system for decades, ostensibly to cut down on bad behavior, but also to project power abroad.Economic
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In light of OFAC’s Tornado Cash sanctions, Ethereum's community debates what to do if validators censor sanctioned addresses. Source
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There are mounting concerns that recent United States government sanctions against Tornado Cash will become a “slippery slope” for Web3 privacy that could eventually make the entire space “meaningless.”Speaking to Cryptox, Shumo Chu, co-founder of privacy protocol Manta Network expressed worry that the strict sanctions against Tornado Cash could have
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