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GameStop to End Crypto Wallet Support Due to ‘Regulatory Uncertainty’
American video game retailer GameStop Corp (NYSE: GME) has announced ending its support for crypto wallets. The move takes place just one year after launching the service.
Starting from November 1, customers will no longer be available to access iOS and Chrome Extension wallets. The company explained such a decision by the lack of proper regulation in the industry.
GameStop website reads:
“Due to the regulatory uncertainty of the crypto space, GameStop has decided to remove its iOS and Chrome Extension wallets from the market. We advise that all customers ensure that they have access to their Secret Passphrase by October 1, 2023. Any customer with access to their Secret Passphrase has the ability to recover their account in any compatible wallet.”
GameStop wallet was launched back in May 2022. Being a self-custodial Ethereum (ETH) wallet, it allowed users to manage cryptocurrencies and non-fun
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