“Geofencing” Could Block U.S. Users From Crypto Services

• Jake Chervinsky provides a complete guide to geofencing, a method of blocking users in certain regions.
• The lawyer states that many crypto companies consider geofencing as an extreme solution to regulatory uncertainties.
• Multiple blocking methods include IP blocking, attestations, and VPN monitoring.

Jake Chervinsky, Variant Fund’s chief legal officer, says many crypto founders are considering geofencing to comply with increasing scrutiny from U.S. regulators.

Geofencing blocks users in certain regions from accessing crypto products using virtual fences. In an X post on September 30, Chervinsky called geofencing an extreme solution to the regulatory uncertainty in the U.S. He explained, “Geofencing means stopping people in certain locations from accessing a product by creating a virtual “fence” around it.”

Read also: Hong Kong’s Crypto Hub Plans Hit by Regulatory Challenges

The post “Geofencing” Could Block U.S. Users From Crypto Services appeared first on Coin Edition.