Phoenix Wallet Will Be Removed From U.S. App Stores on May 3
Coin Edition
Published Apr 27, 2024 11:21
Updated Apr 27, 2024 11:45
Phoenix Wallet Will Be Removed From U.S. App Stores on May 3
Coin Edition -
- Phoenix Wallet has announced that it will terminate its operations to U.S. customers.
- On May 3, Phoenix Wallet will be removed from U.S. app stores.
- The Wallet’s operator advised users to empty their wallets immediately.
Phoenix Wallet, a Bitcoin wallet created by the Bitcoin technology company ACINQ, has announced that it will terminate its operations to U.S. customers. In a recent post on X, the wallet operator noted that on May 3, it will remove Phoenix Wallet from U.S. app stores.
ACINQ’s decision followed a recent announcement by the U.S. regulatory authorities that cast doubt on how self-custodial wallet providers, Lightning service providers, and even Lightning nodes will be classified. The wallet provider told users it would go ahead and assess other potential impacts of the decision to leave the U.S. on their operations.
Recently, a court in the Southern District of New York indicted the founders of the Bitcoin mixing wallet, Samourai, alleging that they facilitated illegal transactions, including laundered funds. Following the incident, the Federal Bureau of Investigations (FBI) warned users that it had begun ‘operations’ on various unregistered crypto firms.
The post Phoenix Wallet Will Be Removed From U.S. App Stores on May 3 appeared first on Coin Edition.
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