Disclaimer: the author is one of co-founders of manta.network, a web3 privacy provider, so the opinion is biased. (Thanks for Kobi’s feedback) August 8th, 2022, the Office of Foreign Asset Control (“OFAC”) updated the Specially Designated Nationals (“SDN“) List to include a series of Ethereum addresses associated with the Tornado Cash protocol.
This extremely well detailed with options to solve the issue rather than completely ban the use of Privacy.
Thanks Shumo Cho