likely because of the federal actions against the Samourai Wallet team. Being arrested for running an unregistered money service business is having a chilling effect.

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.

Run your own Bitcoin and Lightning Nodes people.

bitcoin

On May 3rd, 2024, @PhoenixWallet will be removed from US app stores.

random_

likely because of the federal actions against the Samourai Wallet team. Being arrested for running an unregistered money service business is having a chilling effect.

edit: From ACINQ who runs Phoenix Wallet

>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.

https://twitter.com/acinq_co/status/1783878732865740940

Sad Day?
or an opportunity to grow?
Run your own Bitcoin and Lightning Nodes people.