GameStop will stop support for its crypto wallets, citing ‘regulatory uncertainty’

Gaming retail business GameStop has announced it will eliminate its digital wallets from the market starting in November, pointing out “regulative unpredictability of the crypto area. The company has considering that launched its own NFT marketplace and announced plans to use digital possessions and Web3 applications as avenues for growth.Related: GameStop to drop crypto efforts as Q3 losses near $95M Its uncertain to which elements of “regulatory uncertainty” the business was referring. The U.S. Securities and Exchange Commission has brought several claims against crypto firms in the country, and numerous court cases in between blockchain companies and their executives are ongoing.Cointelegraph reached out to GameStop for remark however did not receive a reaction at the time of publication.Magazine: Why join a blockchain gaming guild?