Wallet of Satoshi, a Bitcoin (BTC) Lightning Network-supported wallet, announced via X that it is transitioning its in-store POS (point-of-sale) service to a self-custody model. POS terminals using existing custodial addresses will soon be discontinued, and businesses must set up new self-custody addresses. The explanation given is that the decision to switch to self-custody instead of collecting user data was made due to the strengthening reporting obligations of governments worldwide regarding cryptocurrency custody services.
