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 <a rel="noopener noreferrer nofollow" title="Phoenix Wallet" href="https://thebittimes.com/tag/phoenix-wallet.html">Phoenix Wallet</a>, a non-c<a rel="noopener noreferrer nofollow" title="US" href="https://thebittimes.com/tag/us.html">US</a>todial Bitcoin lightning wallet, has announced that it’s being <a rel="noopener noreferrer nofollow" title="removed" href="https://thebittimes.com/tag/removed.html">removed</a> from <a rel="noopener noreferrer nofollow" title="US" href="https://thebittimes.com/tag/us.html">US</a>-based app stores and encouraged <a rel="noopener noreferrer nofollow" title="US" href="https://thebittimes.com/tag/us.html">US</a>ers to make sure to empty their wallets.&nbsp;
 This decision seems to have been made by ACINQ, the company behind <a rel="noopener noreferrer nofollow" title="Phoenix Wallet" href="https://thebittimes.com/tag/phoenix-wallet.html">Phoenix Wallet</a>, which stated in a tweet that “recent announcements from <a rel="noopener noreferrer nofollow" title="US" href="https://thebittimes.com/tag/us.html">US</a> authorities cast a doubt on whether self-c<a rel="noopener noreferrer nofollow" title="US" href="https://thebittimes.com/tag/us.html">US</a>todial wallet providers, Lightning service providers, or even Lightning nodes could be considered Money Services B<a rel="noopener noreferrer nofollow" title="US" href="https://thebittimes.com/tag/us.html">US</a>inesses and be regulated as such.”&nbsp;
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 Recent announcements from US authorities cast a doubt on whether self-custodial wallet providers, Lightning service providers, or even Lightning nodes could be considered Money Services Businesses and be regulated as such.— ACINQ (@acinq_co) April 26, 2024
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 Read more: What to do if you’ve used Samourai Wallet
 Recently, the founders of Bitcoin mixing wallet Samourai were indicted in the Southern District of New York under allegations that they facilitated illegal transactions, including laundered funds.&nbsp;
 This was followed by the Federal Bureau of Investigation issuing a warning in which it informed users that it had begun ‘operations’ on a variety of unregistered crypto firms that it believed were money services businesses and told users that they may experience ‘financial disruptions.’&nbsp;
 These latest crackdowns follow a long history of US authorities pursuing wallets and mixers. This has included sanctioning addresses used for Tornado Cash, convicting the operator of the Bitcoin Fog mixer, and many others.
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Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/phoenix-wallet-to-be-removed-from-us-app-store-after-samourai-crackdown-tbt86700.html">https://thebittimes.com/phoenix-wallet-to-be-removed-from-us-app-store-after-samourai-crackdown-tbt86700.html</a>

Phoenix Wallet to be removed from US app store after Samourai crackdown

TheBitTimes

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