Google suspends Trust Wallet from its Google Play marketplace

Google Play has apparently removed the non-custodial wallet Trust Wallet from its listing just a few days after the FBI warned against using non-KYC crypto services.

Trust Wallet, a non-custodial digital wallet for storing crypto that was acquired by Binance in 2018, has allegedly been removed from the Google Play marketplace. When attempting to access the app’s page on Google Play, users are now redirected to a blank page, indicating that the application is no longer available.

As of press time, the reason for the removal remains unclear, and neither Trust Wallet nor Google Play has issued any public statements on the matter. Shortly after the news broke, Trust Wallet’s native token TWT plunged by over 5%, according to data from CoinGecko.

Trust Wallet, established in 2017 by Viktor Radchenko, provides users with non-custodial storage services for cryptocurrency across various blockchain networks. The application was later acquired by the crypto exchange Binance in 2018, though the financial side of the deal remains undisclosed thus far.

The latest news emerged shortly after the FBI warned Americans to avoid using crypto services from companies not registered as Money Services Businesses (MSBs) and not following anti-money laundering rules. It’s unclear if Google’s decision to remove Trust Wallet is connected to this warning, as other non-custodial crypto wallets remain available on Google Play at the time of writing.