GameStop Corp. is ending its support for cryptocurrency wallets due to "regulatory uncertainty." The company will remove its iOS and Chrome Extension wallets from the market on November 1. This move indicates that GameStop is stepping back from its crypto strategy, which was part of Chairman Ryan Cohen's efforts to expand digital services and revive the struggling video-game retailer. GameStop launched an NFT marketplace a year ago but has not mentioned NFTs or crypto in recent investor calls. Regulatory agencies such as the SEC have been increasing their enforcement efforts in the crypto space, causing companies like GameStop to reevaluate their involvement.
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GameStop to Drop Crypto Wallets, Cites ‘Regulatory Uncertainty’
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