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.
