Ethereum inches even closer to total censorship due to OFAC compliance By Cointelegraph
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Ethereum inches even closer to total censorship due to OFAC complianceConsidering that protocol-level censorship is deterrent to the crypto ecosystem’s goal of highly open and accessible finance, the community has been keeping track of Ethereum’s growing compliance with standards laid down by the Office of Foreign Assets Control (OFAC). Over the last 24 hours, the network was found to enforce OFAC compliance on over 73% of its blocks.
In Oct. 2022, Cointelegraph reported on the rising censorship concerns after 51% of Ethereum blocks were found compliant with OFAC standards. However, data from mevWatch confirmed that the minting of OFAC-compliant blocks on a daily basis has grown to 73% as of Nov. 3.
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Ethereum inches even closer to total censorship due to OFAC complianceConsidering that protocol-level censorship is deterrent to the crypto ecosystem’s goal of highly open and accessible finance, the community has been keeping track of Ethereum’s growing compliance with standards laid down by the Office of Foreign Assets Control (OFAC). Over the last 24 hours, the network was found to enforce OFAC compliance on over 73% of its blocks.
In Oct. 2022, Cointelegraph reported on the rising censorship concerns after 51% of Ethereum blocks were found compliant with OFAC standards. However, data from mevWatch confirmed that the minting of OFAC-compliant blocks on a daily basis has grown to 73% as of Nov. 3.
Continue Reading on Coin Telegraph
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