Companies talk about regulatory uncertainty in the cryptocurrency market

Although the month of August started with a slight recovery if we take into consideration the 1.7% rebound in the Bitcoin price action, there are variables that can torpedo this good start.

Now, when I say that there are variables that can torpedo this good start, I am referring to the statements made by some executives of important companies, who claim that there is regulatory uncertainty within the cryptocurrency market.

In this sense and according to information disclosed by Turner Wright columnist of Cointelegraph "The video game retailer GameStop has announced that it will withdraw its digital wallets from the market from November, citing the "regulatory uncertainty in the crypto space".

According to Wright, "In a notice posted on its website, GameStop said the iOS and Chrome Extension wallets will no longer be available as of Nov. 1, advising users to make sure they have access to their secret keys before Oct. 1."

Also noted, "It is unclear what aspects of "regulatory uncertainty" the company was referring to. GameStop is based in the United States, where lawmakers and regulators have taken a variety of approaches to address the growth of cryptocurrencies and blockchain".

The truth is that what GameStop announced can certainly torpedo the good start of the month that the cryptocurrency market has developed, I would still like to know your own point of view on the matter.

Cointelegraph. GameStop to stop supporting its cryptocurrency wallets citing "regulatory uncertainty." Link