Why does Elios screen users and transactions?
Elios and its partners screen users and transactions to help prevent fraud, sanctions violations, money laundering, terrorist financing, and other prohibited activity.
Can Elios block certain transactions?
Yes. Elios, the card issuer, payment partners, or compliance providers may block transactions based on fraud risk, sanctions, prohibited merchant categories, unsupported jurisdictions, or legal requirements.
What activities are prohibited?
Prohibited activities may include:
- Illegal goods or services
- Sanctioned activity
- Fraud
- Money laundering
- Terrorist financing
- Scams
- Unlicensed financial activity
- Restricted gambling
- High-risk merchants
- Attempts to bypass compliance controls
The full list is available in the Elios terms here.
Are Elios balances insured?
No. Stablecoin balances are not bank deposits and are not covered by FDIC, FSCS, FGDR, or equivalent deposit insurance schemes.