Ethereum's Transition Impacts Office of Foreign Assets Control Compliance

September 2022 marked a significant shift for Ethereum, as it transitioned from proof-of-work to proof-of-stake mechanisms. This change, however, had unintended consequences on the networks alignment with regulations established by the Office of Foreign Assets Control (OFAC). Historically, Ethereum blocks aligned with OFAC regulations would censor specific transactions. Such censoring procedures could potentially harm the neutrality of Ethereums environment. In the lead up to the transition, platforms such as Binance, Celsius Network, Bitfinex, Ledger Live, Huobi, and Coinbase ramped up...

source: https://tokenpost.com/Ethereums-Transition-Impacts-Office-of-Foreign-Assets-Control-Compliance-10738

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