Phoenix Pockets, a non-custodial Bitcoin lightning pockets, has introduced that it’s being faraway from US-based app shops and inspired customers to verify to empty their wallets.
This resolution appears to have been made by ACINQ, the corporate behind Phoenix Pockets, which acknowledged in a tweet that “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.”
Learn extra: What to do should you’ve used Samourai Pockets
Not too long ago, the founders of Bitcoin mixing pockets Samourai have been indicted within the Southern District of New York below allegations that they facilitated unlawful transactions, together with laundered funds.
This was adopted by the Federal Bureau of Investigation issuing a warning by which it knowledgeable customers that it had begun ‘operations’ on quite a lot of unregistered crypto companies that it believed have been cash providers companies and instructed customers that they might expertise ‘financial disruptions.’
These newest crackdowns comply with a protracted historical past of US authorities pursuing wallets and mixers. This has included sanctioning addresses used for Twister Money, convicting the operator of the Bitcoin Fog mixer, and plenty of others.
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