Wallet of Satoshi to switch merchant POS app to self-custody

Wallet of Satoshi, a wallet supporting the Bitcoin (BTC) Lightning Network, announced on X that it is transitioning its point-of-sale (POS) service for merchants to a self-custody model. Support for POS terminals using existing custodial addresses will be discontinued soon, and business operators will need to set up new self-custody addresses. The company explained that the move to self-custody is a response to increasing government reporting requirements for crypto custody services, which would otherwise necessitate user data collection.