held in mid-September Ethereum Merge Although the update provides a decrease in energy consumption, new PoS How decentralized the system is continues to be debated.
According to mevWatch, which publishes statistics on Ethereum validators, the stakers in the PoS system are affiliated with the US Treasury Department. OFAC The rate of those who comply with the rules reached 70%.
Crypto experts think that the biggest reason behind this situation is Tornado Cash sanctions.
A startup that promises privacy by mixing its customers’ cryptocurrencies Tornado CashBanned by OFAC and other authorities in the US for its pioneering money laundering. The announcement by lawmakers that they will sanction even the smallest crypto companies that contribute to Tornado Cash has pushed most of the industry to comply with OFAC rules.
Are Cryptocurrencies Censored?
Although the anonymity promised by Tornado Cash matches the nature of cryptocurrencies, it is a big problem for governments. Cryptocurrency The majority of lovers believe that the industry has been subjected to systematic censorship due to the sanctions.
Among the largest crypto companies complying with OFAC rules StakeHound, Cream Finance, Ether Capital, Celsius, Bitfinex and Binance such as giants.
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