News Explorer — More Crypto Wallets Exit US Following Regulatory Pressure

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Apr 30, 3:24 pm

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More Crypto Wallets Exit US Following Regulatory Pressure

Wasabi Wallet and Phoenix have suspended their services for customers in the United States due to actions taken by U.S. authorities against similar cryptocurrency services. The companies have implemented measures to block U.S. IP addresses and remove their wallets from U.S. application stores to comply with potential regulations. The crackdown on cryptocurrency services has intensified following the arrest of individuals linked to the Samourai Wallet on charges of money laundering.

Wasabi Wallet and Phoenix have suspended their services for customers in the United States due to actions taken by U.S. authorities against similar cryptocurrency services. The companies have implemented measures to block U.S. IP addresses and remove their wallets from U.S. application stores to comply with potential regulations. The crackdown on cryptocurrency services has intensified following the arrest of individuals linked to the Samourai Wallet on charges of money laundering.

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