{"id":21491,"date":"2023-08-24T05:30:55","date_gmt":"2023-08-24T05:30:55","guid":{"rendered":"https:\/\/nftandcrypto-news.com\/crypto\/tornado-cash-indictment-fails-to-show-clear-violation-of-certain-laws-coin-center\/"},"modified":"2023-08-24T05:30:57","modified_gmt":"2023-08-24T05:30:57","slug":"tornado-cash-indictment-fails-to-show-clear-violation-of-certain-laws-coin-center","status":"publish","type":"post","link":"https:\/\/nftandcrypto-news.com\/crypto\/tornado-cash-indictment-fails-to-show-clear-violation-of-certain-laws-coin-center\/","title":{"rendered":"Tornado Cash indictment fails to show \u2018clear violation\u2019 of certain laws: Coin Center"},"content":{"rendered":"
Crypto advocacy group Coin Center has criticized the latest indictment of two former Tornado Cash developers, arguing that the facts offered don’t show any clear violations of money-transmitting-related offenses.<\/p>\n
Roman Storm and Roman Semenov were indicted by the United States Office of Foreign Asset Control on Aug. 23 for conspiring to operate an unlicensed money-transmitting business, among other charges.<\/p>\n
In a follow-up opinion piece, Coin Center research director Peter Van Valkenburgh argues that the claims in the indictment appear to run counter to guidance from the United States\u00a0 Financial Crimes Enforcement Network \u2014 arguing that Tornado Cash only provides the software to transmit money rather than transmitting the money itself.<\/p>\n
\nNew Tornado Cash indictments seem to run counter to FinCEN guidance<\/p>\n
Coin Center\u2019s initial thoughts on a case that could potentially criminalize the publication of software codehttps:\/\/t.co\/YCBv3vsZAE<\/p>\n