A blockchain and technology company claims its new bitcoin mining pool is embedded with tools that enable the pool to censure transactions in the blocks they mine. According to a statement issued by the DMG, the parent company to Blockseer mining pool, this ability allows the latter to “exceed” the compliance requirements of the U.S. Government’s Office of Foreign Assets Control (OFAC).
The mining pool’s ability to filter or censor transactions means “high-risk wallets will not be included in Blockseer’s posted blocks.” Detailing the company’s breakthrough, DMG, in a statement, says “all users of Blockseer’s pool are required to pass Know Your Customer (KYC) protocols.” The statement adds:
Blocks posted to the Bitcoin blockchain by Blockseer’s pool will only contain filtered transactions using Blockseer and Walletscore’s labelling data, along with verified sources such as the United States OFAC blacklist for crypto.
Furthermore, DMG claims that Blockseer’s pool “may…