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Ethereum Moves Even Closer to Full Censorship Due to OFAC Compliance

NFT, crypto
Published 3 weeks ago
ID #1921
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Ethereum Moves Even Closer to Full Censorship Due to OFAC Compliance
NFT, crypto,
Published 3 weeks ago

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Growing concerns about censorship after 51% of Ethereum blocks were found to be OFAC compliant. However, data from mevWatch confirmed that daily OFAC-compliant block minting has grown to 73% as of November 3.

The community has been following Ethereum's increasing compliance with the regulations set forth by the Office of Foreign Assets Control - OFAC. In the last 24 hours, the Ethereum network has been found to be OFAC compliant in over 73% of its blocks.

Noting that protocol-level censorship is a deterrent to the cryptocurrency ecosystem's goal of highly open and accessible finance.

Some MEV-Boost repeaters - which are regulated by OFAC - will censor certain transactions. As a result, to ensure the neutrality of Ethereum -ETH, the network needs to adopt a non-censoring MEV-Boost relay.


Ethereum Censorship 

Censorship OFAC 

OFAC Ethereum 
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    matias
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    NFT, crypto
    Ethereum Censorship OFAC ETH