Phoenix Wallet to Stop Serving US Customers on May 3rd
Phoenix wallet users in the United States are encouraged to close their channels and empty their wallets prior to May 3, 2024.
- "On May 3rd, 2024, Phoenix Wallet will be removed from US app stores," announced the project.
"Recent announcements from US authorities cast a doubt on whether self-custodial wallet providers, Lightning service providers, or even Lightning nodes could be considered Money Services Businesses and be regulated as such. We are removing Phoenix Wallet from US app stores and will be assessing other potential impacts to our operations," said ACINQ, the developer behind Phoenix Wallet.
The project developer added that users from the US should empty their wallet by going to:
- Settings > Close channels (Android)
- Settings > Drain wallet (iOS)
- "We highly recommend *not force-closing* channels, as on-chain fees could be significant," added the developer.
