Wasabi and Phoenix crypto wallets suspended services in the United States

Recent regulatory actions in the United States against Consensys and Samourai have led to the closure of Wasabi and Phienix crypto wallets

Cryptocurrency wallets Wasabi and Phoenix have suspended their services in the United States, after authorities announced measures against Consensys and Samourai.

“Both Acinq and zkSNACKs have raised concerns about whether self-custody wallet providers can be viewed as legitimate money services businesses following recent action by US regulatory agencies against Metamask creator Consensys and cryptocurrency mixer Samourai. Wallet”.

The situation has become stricter after the SEC indicated that Consensys was operating as an unregistered broker-dealer. On the other hand, Keonne Rodríguez, CEO of Samourai Wallet, and William Hill, chief technology officer, have been charged with conspiracy to commit money laundering, as well as conspiracy to operate a money transmission business without a license, charges for which They would receive 20 and five years in prison in each case.

For now, crypto wallet users were warned to empty their funds without forcing closure, because the fees could be very high.


Source: cointelegraph

(Reference image source: Kanchanara in Unsplash)

Visit our news channel on Google News and follow us to get accurate, interesting information and stay up to date with everything. You can also see our daily content on Twitter and Instagram

You might also like