The percentage of OFAC-compliant Ethereum blocks generated daily has risen to 73%, raising concerns about the overall oversight of the Ethereum system.

OFAC is an acronym for “Office of Foreign Assets Control”.

The market is watching Ethereum’s increasing compliance with the guidelines set by OFAC.

According to the latest updates, over 73% of blocks on the Ethereum network have been marked as OFAC compliant in the last 24 hours.

After discovering that 51% of Ethereum blocks met OFAC requirements in October 2022, major crypto media companies published an article on growing censorship issues.

But according to mevWatch data, as of November 3, daily block production has increased to 73% compliant with OFAC regulations.

US Government Agency Blocks Crypto Ports:

Subject to compliance with OFAC regulations, a US government agency may apply economic and trade sanctions to crypto outlets.

Tornado Cash and several Ethereum addresses have already been sanctioned by the agency.

As of the time of writing this article, 45% of all Ethereum blocks are fully compliant with OFAC regulations.

After Union Bank, one of the largest multinational banking firms in the Philippines, launched cryptocurrency trading platforms in collaboration with Swiss crypto company Metaco, adoption of Bitcoin indices fell while its Ethereum counterpart accelerated.

This suggests that despite the alleged censorship of the protocol, it is still widely used today.

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