The U.S. Division of the Treasury needs individuals who had pending transactions earlier than the Twister Money sanctions went into place to use for a license to course of the withdrawal of their belongings.
In an FAQ response on Sept. 13, the Treasury mentioned the coverage applies to transactions initiated earlier than the sanctions have been carried out on Aug. 8.
Customers who had despatched cryptocurrency to Twister Money however didn’t full the blending transaction earlier than the designated date can apply for a withdrawal license from the OFAC.
“U.S. individuals or individuals conducting transactions inside U.S. jurisdiction could request a selected license from OFAC to interact in transactions involving the topic digital forex.”
Affected customers are required to submit detailed info referring to their interplay with Twister Money, together with pockets handle, transaction hashes, date and time of the transaction(s), in addition to the quantity concerned.
Open-source code not prohibited
The Treasury added that whereas facilitating transactions by means of Twister Money stays prohibited within the U.S., interacting with open-source codes just isn’t prohibited.
“U.S. individuals wouldn’t be prohibited by U.S. sanctions rules from copying the open-source code and making it accessible on-line.”
CryptoSlate reported beforehand that Professor Matthew Inexperienced re-uploaded the Twister Money supply code on GitHub to show his college students about cryptocurrency and zero-knowledge know-how.
