More
    spot_img

    GitHub unbans Tornado Cash repositories following OFAC guidance

     After being banned from the website for several weeks, the cryptocurrency mixer Tornado Cash has been allowed back on GitHub, which is used for the development of software.On Thursday, an Ethereum developer by the name of Preston Van Loon took to Twitter to report that GitHub has partially lifted its ban on the Tornado Cash organisation and contributors on their website. It was suggested by the developer that the code repositories for Tornado Cash are currently in read-only mode, which indicates that GitHub has not yet fully restored all of its functionality.

    However, this is an improvement over a complete prohibition. According to what Van Loon said, “I continue to encourage GitHub to undo all of their actions and return the repositories to their previous status.”Data from GitHub indicates that the most recent updates to the Tornado Cash repositories were implemented on August 22, which is not too long after Roman Semenov, one of the co-founders of Tornado Cash, reported that his account was live on the platform. On August 8, the Office of Foreign Asset Control (OFAC) of the United States prohibited residents of the United States from using Tornado Cash and blacklisted 44 addresses associated with the mixer that were associated with USD Coin (USDC) and Ether (ETH).

    The return of Tornado Cash to GitHub took place not long after the OFAC provided clarification regarding its policies regarding Tornado Cash on September 13. The OFAC stated that residents of the United States would not be in violation of sanctions if they copied the mixer’s code or made it available online. The OFAC also stated that U.S. citizens would not be barred from accessing the Tornado Cash website in the event that it were to become operational once more and be made available online.

    Tornado Cash is a tool that is built on the Ethereum blockchain that gives users the ability to conceal their cryptocurrency transactions and maintain their anonymity. This is accomplished by obfuscating information trails on the blockchain. After the OFAC’s ban, which resulted in the arrests of Tornado Cash developers for their alleged involvement in money laundering through the platform, global regulators began to scrutinise the Ethereum mixer. This came about as a direct result of the ban.

    The ongoing controversy surrounding Tornado Cash has brought up a lot of questions within the cryptocurrency and developer community. Many people have become concerned about the legal issues that are connected to writing open-source code as a result of the ongoing controversy. Some of the largest cryptocurrency companies have also spoken out against the actions taken by the Treasury Department. For example, the Coinbase exchange has decided to back a lawsuit that is being brought by Tornado Cash users against the OFAC.

    As was previously reported, Ethereum co-founder Vitalik Buterin made a public claim that he donated funds to Ukraine using Tornado Cash in order to protect the recipients’ financial privacy.

    Latest stories

    - Advertisement - spot_img

    You might also like...