US Crypto Traders Take Another Hit As MakerDAO Blocks Access To DeFi Lending Platform | Headlines | News | CoinMarketCap

08/08/2023 01:18
US Crypto Traders Take Another Hit As MakerDAO Blocks Access To DeFi Lending Platform | Headlines | News | CoinMarketCap

Popular decentralized finance (DeFi) platform MakerDAO has blocked US-based users’ access to its lending platform Spark Protocol. However, it remains …

Published on August 07, 2023 18:00 GMT+00:00edited on August 07, 2023 18:04 GMT+00:00

Popular decentralized finance (DeFi) platform MakerDAO has blocked US-based users’ access to its lending platform Spark Protocol. However, it remains unclear when Spark Protocol implemented this measure to restrict US users.

Extra Efforts To Restrict US Users?

In what seems to be an effort to enable the implementation of the ban, Spark Protocol has also blocked users using Virtual Private Networks (VPNs) from using the platform.

Confirming the block on US-based users and those using VPNs, Spark Protocol’s Terms of Service reads:

ATTENTION: USE OF THE CREDIT PROTOCOL FUNCTIONS OF THE SITE BY PERSONS WHO ARE CURRENTLY OR ORDINARILY LOCATED OR RESIDENT IN THE UNITED STATES IS STRICTLY PROHIBITED, REGARDLESS OF THE USER’S IP ADDRESS. UTILIZING A VIRTUAL PRIVATE NETWORK OR OTHER METHOD …

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