Coindegraph reported that due to recent actions taken by US regulatory agencies against Metamask creator Consensys and cryptocurrency mixer Samourai wallet, Acinq's Bitcoin wallet Phoenix and Wasabi wallet (zkSNACKs) have decided to stop serving US customers. Both companies are concerned about whether self-hosted wallet providers are considered legitimate currency service businesses. Acinq has requested that Phoenix wallet users deplete their funds and adapt to the changes by May 2nd.

CoinDesk reports: Due to increased scrutiny by US authorities on self-hosted cryptocurrency wallets, Acinq's Phoenix wallet and zkSNACKs' Wasabi wallet have stopped serving US customers. Recent actions against Consensys and Samourai wallets have sparked a chain reaction in the cryptocurrency service industry. These events have intensified the uncertainty surrounding the status of self-custody wallet providers as legitimate currency service businesses. Therefore, Acinq and zkSNACKs are taking preemptive measures to protect their operations.

zkSNACKs, the developer of the Wasabi wallet, announced a major policy adjustment, prohibiting US citizens and residents from accessing its services and website. This decision is based on recent announcements by US authorities, aligning zkSNACKs with other US crypto platforms such as Phoenix Wallet. This move has sparked debates about privacy, decentralization, and potential regulation of cryptocurrencies by the US government.

The US government recognizes that non-custodial cryptocurrency wallets provide services related to fund management. Metamask and Samourai Wallet developed by Consensy have received support from US regulatory agencies. The creators of Phoenix Wallet and Wasabi Wallet have chosen to operate in other jurisdictions to avoid regulatory impact. According to US authorities, self-custody wallets, Lightning Network software, and even Lightning Network node providers may be considered as currency service businesses and subject to regulation.