The co-founder of Samourai Wallet was released on the deposit of $ 1 million after it

The co-founder of Samourai Wallet was released on the deposit of $ 1 million after it

co-founder of SAMOURAI wallet due to borrowing in height of 1 million USD released
  • The founders of Samourai Wallet are accused of money laundering and the operation of a unit.
  • Keonne Rodriguez, one of the co-founders, was released against a deposit of $ 1 million after he was not guilty in front of a court in New York.
  • The legal proceedings give the cause of the future of non -kept cryptodes in the USA

At a appearance before the US district court for the southern district of New York on Wednesday, SAMOURAI Wallet co-founder Keonne Rodriguez did not guilty of the accused against him, and his employee William Hill and a deputy US lawyer voted the vertical restrictions.

the Law And his partner William Hill claims that Samourai Wallet made over $ 100 million in money laundering transactions on illegal Dark Web markets. The two were arrested in various jurisdiction on April 24th.

The conditions for the bail of Keonne Rodriguez

Although Rodriguez was released against a deposit of $ 1 million, he was only allowed to travel to certain areas of New York and Pennsylvania. He is locked up on his place of residence in Harmony, Pennsylvania and has to wear a location monitoring device.

In addition, it is prohibited Rodriguez to carry out cryptocurrency transactions without prior approval by the court.

The case of Rodriguez is to be negotiated in front of the Southern District Court of New York, whereby Rodriguez on May 14, with the participation of judge Richard M. Berman, who is known for leading top -class cases, will be released again, which increases the severity of the procedure.

The outcome of the court proceedings could have far -reaching effects on the cryptocurrency industry.

William Hill, the co-accused and Chief Technology Officer from Samourai Wallet, has not yet been demonstrated to any US court hall despite his arrest on the same day as Rodriguez. This could be due to the fact that Hill was arrested in Portugal, which means that the authorities may carry out an extradition procedure.

Effects of the SAMOURAI Wallet legal procedure

The arrests and subsequent legal proceedings against Rodriguez and Hill have triggered debates about the definition of unknown wallets as a money service company.

The allegations that Samourai Wallet makes money laundering transactions made of illegal Dark-Web markets, raise questions about the more comprehensive effects on self-customer tools in the cryptocurrency ecosystem.

As already reported, self-controlling crypto wallets such as Wasabi Wallet and Phoenix have passed to restrict US users, for fear of court proceedings after the arrest and criminal prosecution of the Samourai Wallet founders and a possible metamask investigation.

The case questions the interpretation of the guidelines published by the Financial Crimes Network (fincen) on money transfer services, whereby the Ministry of Justice (DOJ) argues that the operation of Samourai Wallet, including the transfer of transactions and the collection of fees, falls, including the size of a cash service company.

The indictment also raises concerns about possible efforts to make the Bitcoin network, with an impact on miners, node operators and others involved in cryptocurrency transactions.

The FBI has already published a public announcement in which it warns for caution over cryptocurrency service providers who do not need KYC information.

Source: Coinlist.me