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The real question: What privacy featured crypto assets will and will not be allowed in the US?

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by COINS NEWS 113 Views

We see delistings for monero left and right, but two high profile lightning wallets for bitcoin have also backed out of the Google Play store for Americans: Wallet of Satoshi (which is painfully easy to use) and Phoenix wallet (self custodial, slightly higher learning curve).

Then, of course, we have the creators of samouri wallet getting indicted by the FBI, but for more obvious reasons: they advertised to and welcomed bitcoin mixing services to sanctioned individuals and criminals. What's more is they generated profits from every single "tumbled" transaction.

And we do need a quick venture into "Tornado Cash." My question here is, "Did the devs encourage or advertise to sanctioned entities? Did they profit from this as well?" I tried searching for this on Google but I could not find a definitive answer as more headlines just read as "1 billion USD laundered with tornado cash."

But let's go back to Phoenix wallet and wallet of satoshi: You could argue and say, "These devs are enabling privacy on bitcoin." To the best of my knowledge, the devs for these apps do not profit from me using their apps unless I use their apps to buy bitcoin on lightning. With phoenix wallet they do not have an option to buy or sell bitcoin. With wallet of satoshi, you can buy using their 3rd party provider Moonpay. Oh and Moonpay requires kyc.

So I'm looking at the whole situation and thinking, "What has compelled the devs at phoenix wallet to pull out of America?" Just for enabling anonymous payments on Bitcoin?

Does anyone else think there is something we might have forgotten to mention in this thread?

submitted by /u/sgtslaughterTV
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