🚀 Crypto Founders Consider Using Geofencing to Deal with Tough US Regulations! đŸ‡ș🇾

- Variant Fund's Jake Chervinsky says many crypto projects are looking at geofencing as a compliance strategy.

- Geofencing is the practice of blocking users in certain regions by creating a virtual "fence."

- In 2023, 17 regions tightened crypto regulation, accounting for 70% of the global market.

- Sky (formerly Maker) blocked VPNs to prevent US users from accessing Spark Protocol.

- Binance and Eigenlayer also used geofencing to block users from the US and many other countries.

- GeoComply believes that geofencing helps open up new markets while remaining compliant.

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