Crypto founders increasingly look to ‘geofencing’ amid US uncertainty

Variant Fund chief legal officer Jake Chervinsky says geofencing is an extreme measure to ensure compliance with US law. 

Crypto founders are increasingly looking into geofencing — the act of blocking users in certain jurisdictions — as an “extreme solution” to regulatory uncertainty in the United States.

In a post on X on Sept. 30, Variant Fund chief legal officer Jake Chervinsky said that many crypto founders are considering using geofencing as a compliance strategy as regulators in the United States continue their war on crypto.

In simple terms, geofencing means stopping people in a certain “geography” from accessing a product by creating a virtual “fence” around it, he explained while sharing a guide summarizing how to properly geofence. 

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Variant Fund chief legal officer Jake Chervinsky says geofencing is an extreme measure to ensure compliance with US law. 
Crypto founders are increasingly looking into geofencing — the act of blocking users in certain jurisdictions — as an “extreme solution” to regulatory uncertainty in the United States.In a post on X on Sept. 30, Variant Fund chief legal officer Jake Chervinsky said that many crypto founders are considering using geofencing as a compliance strategy as regulators in the United States continue their war on crypto.In simple terms, geofencing means stopping people in a certain “geography” from accessing a product by creating a virtual “fence” around it, he explained while sharing a guide summarizing how to properly geofence. Read more