> For the complete documentation index, see [llms.txt](https://docs.nofi.money/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.nofi.money/current-gaps/privacy.md).

# Privacy

{% hint style="warning" %}
In markets with capital controls, unstable governments, or a history of banks freezing accounts — financial privacy isn't a luxury feature. **It's a basic requirement for trust.**
{% endhint %}

## Why Privacy Matters Here

In Colombia, Argentina, Nigeria, and the Philippines, users face real risks that developed-market fintech products never consider:

* **Account freezes** — Local banks routinely freeze accounts receiving international income they can't classify
* **Capital controls** — Governments restrict how much USD users can hold or convert
* **Targeted theft** — Visible on-chain wealth makes users targets in high-crime environments
* **Political risk** — Regime changes can retroactively criminalize holding foreign currency

## Self-Custody as Privacy

Self-custody is the first line of defense: funds that live in a wallet the user controls **can't be frozen or seized** the way a local bank account can. No compliance officer at a third-party institution can unilaterally lock someone out of their savings.

## Honest Privacy

The rest of the answer is discipline about what gets collected and shared:

| Data Type             | NØFI's Approach                                             |
| --------------------- | ----------------------------------------------------------- |
| On-chain transactions | User-controlled wallet — NØFI has no custody                |
| KYC for card issuance | Required by Visa/Gnosis Pay regulations — disclosed clearly |
| Spending data         | Not sold, not shared beyond regulatory requirements         |
| Location data         | Not collected                                               |

{% hint style="info" %}
**NØFI's position:** Privacy and compliance aren't opposites — but they require being **deliberate** about the difference between what regulation demands and what a company chooses to collect. NØFI collects the minimum required by its card and off-ramp partners, and is transparent about exactly what that is.
{% endhint %}


---

# Agent Instructions
This documentation is published with GitBook. GitBook is the documentation platform designed so that both humans and AI agents can read, navigate, and reason over technical content effectively. Learn more at gitbook.com.

## Querying This Documentation
If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question.

Perform an HTTP GET request on the current page URL with the `ask` query parameter, and the optional `goal` query parameter:

```
GET https://docs.nofi.money/current-gaps/privacy.md?ask=<question>&goal=<endgoal>
```

`ask` is the immediate question: it should be specific, self-contained, and written in natural language.
`goal` is optional and describes the broader end goal you are ultimately trying to accomplish on behalf of the user. GitBook uses it to tailor the answer towards what is most useful for that goal.

The response will contain a direct answer to the question and relevant excerpts and sources from the documentation.

Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.