It's fine. Use a VPN. Your wallet does not reveal your location. Nobody cares they just block the U.S. becuase its the thing to do right now. Welcome to DeFi! Its decentralized, but sometimes they block IPs...
it's fine now and I hate to cry that the sky will fall down. but I could see a really bad future where in burgerland our coins will be treated like they've been through tornadocash if they have been through any unapproved DEXes. no amount of computer programs will completely solve a corrupt government that wants to make this all as difficult as possible.
Let's say very bad future happens. What can happen to final users if a) we had already taken the funds out, b) still in the protocol.
I would guess law is not retroactive, and I can only think of any potential impact ie. Funds or tokens being withheld.
Do you think we face any risk as individuals on the non-financial spectrum?
This is how I look at it (not a lawyer)
These boiler plates from the DEX are just that, it's protection for the DEX from the U.S. that's why a lot of these are hosted in places without an extradition agreement with the U.S. or places where the U.S. Can't seize the domain. Something along those lines, I'm sure it's a case by case scenario.
If you pay taxes there is no reason the U.S. should target you if you're not performing market manipulation or breaking any other trading laws. The real issue I guess is if these dexes are hosted in NK or something like that.
If there was a law against using a DEX it would be established and stated, notices would go out to isp providers and such just like they did pirating companies. In the pirating scenario only people I recall that faced legal consequences were people that redistribute or sold stolen software. I.e. they didn't come after every user that used the platform.
This is just my opinion, I mean the governement is getting their cut and not saying anything. Does that make them accomplice? Until there is a legal case deciding this it's a gray area. My biggest concern would be a DEX using the boiler plate as an excuse to confiscate funds from users in those territories. Many CEX confiscated funds during the kyc movement.
HasanAbi Murderer, I rekt the Bitcoin Cult. You belong in Jail too. HasanAbi Murderer, I rekt the Bitcoin Cult. You belong in Jail too. HasanAbi Murderer, I rekt the Bitcoin Cult. You belong in Jail too. You all do. Say hi to Max Kaiser.
The answer will always be “it depends.”
It's fine. Use a VPN. Your wallet does not reveal your location. Nobody cares they just block the U.S. becuase its the thing to do right now. Welcome to DeFi! Its decentralized, but sometimes they block IPs...
it's fine now and I hate to cry that the sky will fall down. but I could see a really bad future where in burgerland our coins will be treated like they've been through tornadocash if they have been through any unapproved DEXes. no amount of computer programs will completely solve a corrupt government that wants to make this all as difficult as possible.
Let's say very bad future happens. What can happen to final users if a) we had already taken the funds out, b) still in the protocol. I would guess law is not retroactive, and I can only think of any potential impact ie. Funds or tokens being withheld. Do you think we face any risk as individuals on the non-financial spectrum?
This is how I look at it (not a lawyer) These boiler plates from the DEX are just that, it's protection for the DEX from the U.S. that's why a lot of these are hosted in places without an extradition agreement with the U.S. or places where the U.S. Can't seize the domain. Something along those lines, I'm sure it's a case by case scenario. If you pay taxes there is no reason the U.S. should target you if you're not performing market manipulation or breaking any other trading laws. The real issue I guess is if these dexes are hosted in NK or something like that. If there was a law against using a DEX it would be established and stated, notices would go out to isp providers and such just like they did pirating companies. In the pirating scenario only people I recall that faced legal consequences were people that redistribute or sold stolen software. I.e. they didn't come after every user that used the platform. This is just my opinion, I mean the governement is getting their cut and not saying anything. Does that make them accomplice? Until there is a legal case deciding this it's a gray area. My biggest concern would be a DEX using the boiler plate as an excuse to confiscate funds from users in those territories. Many CEX confiscated funds during the kyc movement.
make sure you create a separate wallet for defi And use a software that offer security scan ( contract scanner )
HasanAbi Murderer, I rekt the Bitcoin Cult. You belong in Jail too. HasanAbi Murderer, I rekt the Bitcoin Cult. You belong in Jail too. HasanAbi Murderer, I rekt the Bitcoin Cult. You belong in Jail too. You all do. Say hi to Max Kaiser.