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    QONEQT in Ethereum

    05-Nov-2022 02:57 PM


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    Ethereum inches even closer to total censorship due to OFAC compliance

    Considering 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).
    Ethereum sporting 73% OFAC-compliant blocks.
    Source: mevwatch.info In Oct. 2022, Cointelegraph reported on the rising censorship concerns after 51% of Ethereum blocks were found compliant with OFAC standards.
    Ethereum validators can reduce OFAC compliance by discarding relays in their MEV-Boost configuration that censor transactions, such as BloXroute Max Profit, BloxRoute Ethical, Manifold and Relayooor.
    Compliance with OFAC allows the US government agency to enforce economic and trade sanctions.
    Previously, the agency sanctioned Tornado Cash and several Ethereum addresses.
    Source: Cointelegraph
    #Ethereum