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0 sats \ 1 reply \ @0xIlmari 4 Jan \ on: [important] wallet geofence on at 3a CT: North Korea, Iran, Syria, Ukraine, Cuba meta
Are you sure IP-based geofencing would hold up in court as sufficient compliance with sanctions? VPNs defeat this so trivially, and I'm sure prosecutors know that.
From my observations, if push comes to shove, and case comes to court, companies are usually forced to one of:
  • Implement KYC
  • Move jurisdiction
  • Shut down
All of which suck.
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0 sats \ 0 replies \ @k00b OP 4 Jan
Compliance is about risk reduction not perfection. No one always goes exactly the speed limit.
As the post mentions, we plan to remove the custodial wallet.
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