Wasabi Wallet White Paper The wallet offers an open-source code, a practice in line with Bitcoin’s philosophy that is common among many other wallet applications. These applications present their code on GitHub so any potential user has control over the software they run, and they can verify that the code does not contain any malicious segments. In many cases, open-source code is considered to be more secure and stable than proprietary software. Wasabi is non-custodial, meaning that users store their coins locally, so wallet vendors never take custody of user funds and cannot view their balance. As such, non-custodial wallet vendors are not subject to AML (Anti-Money laundering) legislation, such as the European 5th Anti-Money Laundering and Terrorist Financing directive (Directive 2018/843), and are not in breach of the legal guidelines issued by FinCEN, the Financial Crimes Enforcement Network, a bureau of the United States Department of the Treasury. Wasabi is a natural choice for illicit actors due to its privacy-focused design and ability to provide convenient and secured methods of mixing funds. Let’s review these security features to understand how they work. With hundreds of thousands of downloads, Wasabi is becoming one of the most popular crypto wallets for PC. 5