Impact

Phoenix

<h2 class="wp-block-heading" id="background-on-zksnacks-decision">Background on zkSNACKs Decision</h2>
<p>Wasabi Wallet developer zkSNACKs has <a href="https://blog.wasabiwallet.io/zksnacks-now-blocking-u-s-residents-and-citizens/" target="_blank" rel="noopener noreferrer nofollow">announced </a>a significant shift in policy, effectively blocking U.S. citizens and residents from accessing its services. This decision includes barring users with any form of U.S. residency or citizenship from visiting their main website and related service platforms.</p>
<h2 class="wp-block-heading" id="immediate-impact-on-u-s-users">Immediate Impact on U.S. Users</h2>
<p>Effective immediately, U.S. <a href="https://btc-pulse.com/thailands-opposition-party-promises-15-billion-airdrop-to-citizens/" rel="noopener noreferrer nofollow">citizens </a>are restricted from accessing websites such as wasabiwallet.io, api.wasabiwallet.io, and zksnacks.com. This broad restriction encompasses downloading or using the Wasabi Wallet, as well as its associated APIs and RPC interfaces.</p>
<h2 class="wp-block-heading" id="wasabi-wallet-reasons-behind-the-move">Wasabi Wallet Reasons Behind the Move</h2>
<p>zkSNACKs cited “recent announcements by U.S. authorities” as the catalyst for their decision. This move aligns zkSNACKs with other crypto <a href="https://btc-pulse.com/the-top-10-crypto-staking-platforms-of-2024/" rel="noopener noreferrer nofollow">platforms </a>like Phoenix Wallet, which also recently <a href="https://btc-pulse.com/price-prediction/shiba-inu-price-prediction-2040/" rel="noopener noreferrer nofollow">announced </a>service cessation for U.S. residents due to regulatory concerns. These developments reflect a growing trend of crypto services reevaluating their operations in light of potential U.S. regulations targeting self-custodial wallets, service providers, and nodes.</p>
<h2 class="wp-block-heading" id="broader-implications-and-industry-reactions">Broader Implications and Industry Reactions</h2>
<p>The broader crypto community has reacted with mixed feelings to these developments. While some see these moves as <a href="https://btc-pulse.com/bitcoin-mining-stocks-dip-market-anticipates-event/" rel="noopener noreferrer nofollow">necessary </a>adjustments to comply with U.S. laws, others view them as setbacks for privacy and the decentralized ethos of cryptocurrencies. The recent federal charges against the founders of Samourai Wallet have only added to the urgency and controversy surrounding these issues.</p>
<h2 class="wp-block-heading" id="conclusion">Conclusion</h2>
<p>zkSNACKs joins a growing list of companies adapting to the evolving regulatory landscape in the U.S. As the situation unfolds, the impact on privacy-focused crypto services continues to stir debate and discussion within the community.</p>

Wasabi Wallet Developer zkSNACKs Blocks U.S. Users Amid Regulatory Pressure

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BTC-Pulse

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