Samourai News

A Washington think tank and prominent Bitcoiners say jailing the Samourai Wallet developers for an “unlicensed money transmitter” conspiracy criminalizes non-custodial code.

Samourai Wallet’s co-founders received four- and five-year prison terms in the US for operating an unlicensed money-transmitting business through their non-custodial crypto mixer.

According to the website, Ashigaru uses CoinJoin and other mechanisms to shield users from analytical heuristics and tracking.

The seizure of the Samourai Wallet website and the indictment of its founders might have implications for other privacy-preserving self-custodial tools.

Lack of enthusiasm toward cryptocurrencies comes from regulatory uncertainty, but there’s also some concern on the macroeconomic side

Ethereum privacy protocol Railgun contributor Alan Scott Jr. says U.S. regulators and government agencies don’t get enough credit for genuinely “trying to understand” crypto.

The crypto market saw extra turbulence after Samourai Wallet’s CEO and chief technology officer faced legal action from the U.S. DOJ.

Samourai Wallet’s Bitcoin mixing CoinJoin service saw its monthly volume triple to over $10 million during March.