Wallet of Satoshi, a popular wallet for use with with Bitcoin’s Lightning Network, announced the end of U.S. support on Nov. 24.
The company said that it had decided to remove its app from the U.S. and Google app stores and stop serving American users going forward.
The announcement only broadly described the reasons for the change, stating:
“This decision doesn’t come lightly. Our commitment to providing a secure, user-friendly, and compliant platform globally is unwavering. Our top priority is the safety and interests of our customers and our company.”
Wallet of Satoshi otherwise said that it hopes to eventually resume U.S. operations in the future. It added that U.S. users will continue to have access to funds that currently exist in their wallet, allowing for transactions and withdrawals.
Regulatory risk may be reason for takedown
Many members of the crypto community have speculated that, because of the U.S.-specific policy change, the decision is a response to American reg
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