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According to Bitcoin News, Xapo Bank requires users to enable location permission to use the application, and users are informed that they need to share GPS coordinates in order to withdraw funds. Xapo Bank stated that it will cross compare location information with other data to confirm that the account holder actually controls the account. Bitcoin analyst Tone Vays has warned that such positioning requirements could become a standard configuration for regulated payment applications, and Casa CEO Nick Neuman believes that this move is more likely to be aimed at curbing social engineering attacks rather than traditional KYC measures.