Leading game retailer GameStop will suspend its crypto wallets due to regulatory uncertainty in the United States, just about one year after launching, the company announced Tuesday. HeleneBraunn reports
The move comes after regulators and lawmakers in the U.S. have doubled down on its efforts to crack down on crypto-related companies in recent months, including Coinbase and Binance, which both were sued by the Securities and Exchange Commission .
The regulatory crackdown also saw the popular trading platform Robinhood As a result of intensifying regulations in the U.S., multiple companies have moved overseas to focus on their business there until there’s more regulatory clarity in the region.
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