Crypto entrepreneurs are increasingly considering geofencing as a drastic measure to navigate regulatory uncertainties in the US. Geofencing involves blocking users in specific regions to comply with regulations. This strategy has gained traction as US regulators intensify their crackdown on crypto activities. By creating virtual barriers, companies can restrict access to their products in jurisdictions with stringent compliance requirements. While geofencing can serve as a fallback option for regulatory compliance, it is deemed an extreme solution. Several crypto projects, including DeFi protocol Sky and exchange Binance, have implemented geofencing measures to restrict access from certain countries. Despite its advantages in expanding into new markets while ensuring compliance, geofencing is acknowledged as a costly and extreme approach to regulatory adherence in the US. Read more AI-generated news on: https://app.chaingpt.org/news