Geyser Fund has shut down the crowdfunding project Bitcoin for Palestine, citing regulatory uncertainty.

Let this be your reminder that you cannot code faster than the state can invoke arbitrary penalties. Permissionless money is under massive threat by the global AML regime. It's time to wake up.

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Important Announcement

We have made the decision to no longer list projects in sensitive conflict zones, including any project raising funds for, or located in such zones. This is effective today.

It wasn’t an easy decision, and it’s one that we know will bring some disappointment amongst you.

Geyser has always stood for providing access to crowdfunding to those that previously didn’t. We serve a global user-base that, through the power of Bitcoin and human connection, has and will continue to positively impact the world.

We have also gone through great lengths to preserve Bitcoin’s properties of being a sovereign medium of exchange, ensuring we never take custody of funds and do not require the submission of identification to raise funds.

Unfortunately, and as many of you know, the movement of funds is increasingly a point of scrutiny. Even more so when the destination of those funds is a conflict area where it is difficult to have any guarantee that funds won’t be used to finance war, resistance movements, scams and criminal activities.

We do not custody, administer, or control any funds contributed to the projects at any time. Additionally, we aim to avoid the possibility of these funds falling into the wrong hands. Accepting and listing such projects could necessitate implementing increasingly intrusive measures to verify the identities of creators, which we prefer to avoid.

Importantly, we have no reason to believe any funds raised on Geyser to this day have been used for criminal activities. But, after carefully considering the risks, we decided to no longer list projects in those high risk regions.

For these types of sensitive projects in conflict zones, protocols > platforms.

While this was a difficult decision, it is one that will allow us to give a greater focus on supporting the creators, educators and builders furthering Bitcoin adoption.

Our mission continues to be to enable powerful Bitcoin ideas around the world.

For more details on which countries and regions are currently supported on Geyser, see:

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