Part 11/17:
The regulatory landscape remains fragmented and sometimes adversarial. China’s ban on mining shifted most hash rate to North America, predominantly the US, leading to a temporary decrease in centralized control and increasing decentralization. However, new challenges around censorship and pool control are emerging. Rumors suggest some pools like F2Pool are proactively complying with government mandates—censoring certain transactions or complying with OFAC standards to remain operational.