Phoenix and Wasabi Halt US Operations Amid Regulatory Pressure: Self Custody on Trial?
Regulatory Actions Impact Self-Custody Wallet Providers
After the crackdown on Samourai Wallet and MetaMask, Phoenix and Wasabi are halting their US services due to regulatory concerns.
ACINQ Raises Doubts
ACINQ expressed worries over potential classification as money services businesses by US authorities, leading to the removal of Phoenix Wallet from US stores by May 3.
zkSNACKs Blocks US Access
zkSNACKs has prohibited US users from accessing its services, citing regulatory uncertainties.
US Regulators Target Self-Custody Wallets
Recent arrests and seizures point to authorities’ focus on potential money laundering risks associated with self-custody wallets.
Consensys Challenges SEC
Consensys files lawsuit against SEC over Ethereum regulations, emphasizing the need for clear guidelines over ad hoc enforcement.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.