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Merge pull request #1794 from MarnixCroes/legal
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remove "legal status of Wasabi/coinjoin" FAQ and legal concern document
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yahiheb authored Jul 23, 2024
2 parents 1a71b16 + 43a6adf commit 7d1e9ee
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3 changes: 1 addition & 2 deletions docs/.vuepress/config.ts
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Expand Up @@ -113,8 +113,7 @@ export default defineUserConfig({
sidebarDepth: 2,
children: [
"/why-wasabi/WhyPrivacyImportant.md",
"/why-wasabi/WhyFinancialPrivacy.md",
"/why-wasabi/LegalConcern.md"
"/why-wasabi/WhyFinancialPrivacy.md"
]
}, {
text: "Privacy in Bitcoin",
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12 changes: 0 additions & 12 deletions docs/FAQ/FAQ-UseWasabi.md
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Expand Up @@ -742,18 +742,6 @@ Read more [here](/using-wasabi/Send.md#privacy-suggestions).

## CoinJoin

### What's the legal status of Wasabi/CoinJoin?

USA: On May 9, 2019, the Financial Crimes Enforcement Network (FinCEN) issued an interpretive guidance that stated the following in section 4.5.1(b):
> An anonymizing software provider is not a money transmitter. FinCEN regulations exempt from the definition of money transmitter those persons providing "the delivery, communication, or network access services used by a money transmitter to support money transmission services."
Wasabi is an Anonymizing software provider so it is not a money transmitter, thus not under Bank Secrecy Act (BSA) regulations.
Basically we can continue to operate like now and [it is compliant](/why-wasabi/LegalConcern.md).

Here's a great explanation about it:

[![Watch the video](/Logo_without_text_with_bg_dark_with_yt.png)](https://youtu.be/tLOMcU8MhWM?t=1305)

### What is the minimum amount required to coinjoin?

The coordinator sets the minimum amount of bitcoin required to participate in a coinjoin round.
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170 changes: 0 additions & 170 deletions docs/why-wasabi/LegalConcern.md

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