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The US Treasury has recently banned a virtual currency mixer – Tornado Cash sparking a ferocious debate across the crypto ecosystem. The developers are expressing their outrage against the move.
Earlier, in August, the Treasury sanctioned Tornado Cash, Ethereum based currency mixer. Many crypto whales are voicing against the sanction. Recently, Tom Emmer, an American attorney, tweeted with a letter questioning the treasury on the sanction.
The Treasury sanctioned Tornado Cash against money laundering of 7 Billion USD and helping hacking groups like Lazarus Group. Cardano’s Founder, Charles Hoskinson has joined the voices against the sanction of Tornado Cash.
“He understanding is that when we write code, its an expression as long as we don’t get involved in the running and use of the code…you’re not really telling people to go do this,…you’re just writing things down,” Hoskinson said in a new “shock AMA” when asked about his contemplations on the Tornado Cash ban. As far as he might be concerned, it was inappropriate to expect that Tornado Cash designers straightforwardly controlled the convention or helped in any capacity from exchanges directed utilizing it when they were not in charge of something similar.
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The implied restriction on an open source code that had no specific controlling element was subsequently an immediate attack on the ethos of a free society, especially the opportunity of articulation. “The issue here is they went further back to an area that is by all accounts unlawful and expressed by simply taking part and composing that code and being associated with that in some way implies there was a plan and an activity of that framework”, Charles added.
Andrew is a blockchain developer who developed his interest in cryptocurrencies while pursuing his post-graduation major in blockchain development. He is a keen observer of details and shares his passion for writing, along with coding. His backend knowledge about blockchain helps him give a unique perspective to his writing skills, and a reliable craft at explaining the concepts such as blockchain programming, languages and token minting. He also frequently shares technical details and performance indicators of ICOs and IDOs.
