Trust Wallet Returns to Google Play

Trust Wallet, a decentralized cryptocurrency wallet acquired by Binance in 2018, was reportedly taken down from the Google Play store.

Users who tried to visit the app’s Google Play page met a blank page, suggesting the app has been removed from availability. The exact reasons behind the removal have yet to be disclosed, with Trust Wallet and Google Play staying silent. Following the announcement, the value of Trust Wallet’s native token TWT fell by more than 5%, according to CoinGecko’s figures.

📢 Important announcement for Android users 📢

Unfortunately, Google has temporarily removed our app from the Play Store. Google notified us of this potential action, and we submitted an appeal weeks ago. However, while awaiting a response from Google to our appeal, Google… pic.twitter.com/tEgNYZjSOt

— Trust Wallet (@TrustWallet) April 29, 2024

Trust Wallet made an alternative available for its users by offering an Android APK for installation on their devices. The app will operate without any issues if installed on a user’s phone. On the other hand, if users decide to remove the app, they won’t have the option to reinstall it until Google has approved and relisted it.

As of the latest update, the Dapp shared that the application had been reinstated in the Play Store in an update on X.

Ok, well that was sorted quickly..! The Android version of the app is back on the Google Play Store đź’™

Let's continue #BUIDLing, checking charts & touching grass pic.twitter.com/9Z4KXkhqNV

— Trust Wallet (@TrustWallet) April 29, 2024

Trust Wallet, founded in 2017 by Viktor Radchenko, allows users to store their cryptocurrency non-custodial across various blockchain platforms. Binance, a major cryptocurrency exchange, acquired the application in 2018, but the details of the financial aspect of the acquisition have not been made public.

This development follows the FBI’s warning that Americans should steer clear of crypto services from entities not registered as Money Services Businesses (MSBs) or those not adhering to anti-money laundering regulations.

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