Tornado Cash Crackdown Shows Limits of Regulating Cryptocurrency Services

The U.S. sanctioning of a prominent cryptocurrency platform this week exposed technical gaps in the government’s ability to prevent criminals, national adversaries and extremist groups from using the services to launder money and finance their operations, analysts said.

Among the central challenges: Cryptocurrency platforms are increasingly run by computer code distributed across computers around the world, rather than by individuals facilitating transactions, analysts said.

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