Wallet is garbage, way too flaky to reliably send chunks of money - the one they list on the website is V1 - a old wallet - also this forum they haven't even bothered to update people with the new wallet. All around - lazy devs, people will not adopt this centralized garbage especially if the basic wallet cant even function right. If it gets tagged as a security - atleast in the US the SEC could involve requirements for registration and disclosure, including information about the issuer and management, to protect investors.