Founders of Samourai Wallet are guilty of the operation of an illegal money transfer and threaten up to five years in prison

Founders of Samourai Wallet are guilty of the operation of an illegal money transfer and threaten up to five years in prison

Samourai Wallet founder is guilty: Unliculated money transmitter

The founders of the Samourai Wallet are guilty of operating as an unenclorized money transmitter. This confession leads you into a legal gray area that could lead to a possible prison sentence of up to five years.

SAMOURAI Wallet is a popular Bitcoin wallet that specializes in data protection and anonymity. The application allows users to handle their transactions privately and safely, which gave her great recognition in the crypto community.

However, the court decided that the activities of the founders violate the applicable provisions for transmission of money, since they had no license to carry out such transactions. This decision throws a light on the challenges and legal aspects with which cryptocurrency companies and their founders are confronted.

Developments related to Samourai Wallet are an important example of the need to observe regulatory framework conditions in the cryptocurrency industry. The confession of the founders could have far -reaching effects on the use and development of similar wallets, especially with regard to compliance with legal requirements.

Overall, this makes it clear the ongoing challenges that companies have to cope with in the crypto sector, in particular with regard to the legal regulations and the need to adhere to them in order to avoid legal consequences.