In recent months, GameStop, the video game store chain, has ventured into the world of NFTs and cryptocurrencies. That said, the company has now started to backtrack on its plans with a decision that surprised many.
According to information from Bloomberg, GameStop is concerned about the current regulatory uncertainty in the crypto world. That's why it made the decision to stop supporting its crypto wallets.
"Due to the regulatory uncertainty of the crypto space, GameStop has decided to remove its iOS and Chrome Extension wallets from the market on November 1, 2023." GameStop explained .
Let's remember that in the United States and other parts of the world, there have been discussions about regulations on the cryptocurrency market. This has the potential to significantly change the way they operate, so it could be a threat to the value of their assets.
However, it's worth noting that this is not the only significant change GameStop has seen in recent months. In June of this year, the company dismissed its CEO, and its shares plummeted. So far, the company has not appointed a successor.
What do you think of this news? Do you think it's the right decision on GameStop's part? Let us know in the comments.
Follow this link to see more news related to GameStop.
Comments
Best
New