GameStop to Halt Operations of NFT Marketplace Due to Regulatory Uncertainty
GameStop, a leading retailer of video games and consumer electronics, has announced its plans to cease operations on its non-fungible token (NFT) marketplace. The company cited persistent regulatory ambiguities surrounding the crypto sector as the primary reason for this decision. In a pop-up message on the GameStop NFT Marketplace website, the company stated, “GameStop has decided to wind down our NFT marketplace due to the continuing regulatory uncertainty of the crypto space.” The move comes amidst the increasing scrutiny and evolving regulatory landscape surrounding cryptocurrencies and NFTs.
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