Stacker.news Introduces Foreign Asset Control Compliance
"In the coming weeks, we will begin introducing noncustodial wallet options among other things."
- "Operating in the US requires us to not provide financial-like services certain regions, even if those financial-like services amount to pennies of value on average like they do on SN. We are waiting on an exact list of countries from lawyers, but presumably any stackers located in the counties on this website could be affected," announced @k00b on stacker.news.
"Soon, if the IP address of your browser session indicates you are located in a sanctioned region, we will prevent you from transacting with our wallet."
- "It's unlikely there are many stackers in these regions, but as we continue working on understanding the laws we are obligated to follow, we will provide you with as many services as we are legally allowed.
"We remain committed to never storing a stacker's IP address without permission. For these changes (when they go live), we simply check an IP against a database of IP ranges thought to belong to these regions and then discard the IP and the result of the query regardless of whether the IP is in one of these regions or not. Further, the IP range database is self-hosted so that your IP can't be stored by anyone else either.
- "All of this compliance stuff is free and open source like everything else so you can be reasonably certain we are only doing what we say we are."
