Cryptocurrency mixers are anonymized software tools that allow users to conceal the source or owner of digital assets. The sanctions had been imposed by the Treasury Department’s Office of Foreign Assets Control pursuant to the International Emergency Economic Powers Act. The U.S. Treasury Department acted outside its authority when it sanctioned cryptocurrency mixer Tornado Cash in 2022 and accused it of helping launder over $7 billion for North Korean hackers and other malicious cyber actors, a U.S. appeals court ruled. Should Cryptocurrency companies reveal the crypto owners to authorities ?
