Compliance

  1. PIO is an open-source, forkable, borderless, and trustless protocol. The subject of compliance is required for derivatives scalability, but the permissionless property must be maintained.

  2. In the PIO ecosystem, the frontend is responsible for the compliance management of its users. For some jurisdictions, trading can't be done, and for others, KYC isn't required.

  3. Natively, PIO incorporates a compliance circuit that allows whitelisting users to a compliance manager inside the PIO contracts.

  4. Due to smart contract immutability, PIO is not responsible for, nor can it modify or act on, any of these whitelists.

  5. PIO does not whitelist any asset or jurisdiction as it is impossible for us to verify. Deploying a frontend is based on the deployer's jurisdiction and the user's jurisdiction.

  6. A compliance manager can revoke an address at any time. This will block this address from depositing and opening positions but not from withdrawing collateral, in order to maintain decentralization.

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