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Trust Wallet has reportedly returned to the Google Play Store after its brief removal on Monday morning, raising concerns among Android users of the wallet.
“Unfortunately, Google has temporarily taken our app off the Play Store,” the cryptocurrency firm announced on its official X page around 7:00 a.m. EST. “Google informed us of this possible action, and we filed an appeal weeks ago. However, while we awaited a response from Google regarding our appeal, they removed our app regardless.”
Trust Wallet Restored on Google Play Store
The announcement cautioned that Android users wishing to access Trust Wallet would need to download an Android Package Kit (APK) from the wallet’s official website due to Google’s removal.
Ok, well that was sorted quickly..! The Android version of the app is back on the Google Play Store
Let’s continue #BUIDLing, checking charts & touching grass https://t.co/YbgfY2KcBP pic.twitter.com/9Z4KXkhqNV
— Trust Wallet (@TrustWallet) April 29, 2024
“If you currently have the Android version of the Trust Wallet app, it will function normally, and you can be assured that your funds are secure,” the company’s statement added.
The firm also mentioned that users who had uninstalled the app would be unable to download it again until it was relisted by Google.
While the iOS App Store and Google Chrome Browser Extension versions of Trust Wallet were unaffected, the company expressed concern that scammers might create fake applications mimicking the crypto wallet.
By 7:30 a.m. EST, however, Trust Wallet confirmed that it was operational again on the Google Play Store.
“Ok, well that was sorted quickly!” the company stated. “The Android version of the app is back on the Google Play Store. Let’s continue #BUIDLing, checking charts & touching grass.”
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As of Monday morning, the native coin of the crypto wallet, Trust Wallet Token (TWT), had decreased by 5.2%.
Self-Custody Wallets Encounter Regulatory Scrutiny
The removal of Trust Wallet from the Google Play Store raised alarms among users amid heightened regulatory scrutiny in the U.S. aimed at self-custody crypto wallets.
On Saturday, the developer of Wasabi Wallet, zkSNACKs, announced a complete ban on users based in the U.S. from utilizing the self-custody wallet.
“In light of recent announcements by U.S. authorities, zkSNACKs is now strictly prohibiting U.S. users from accessing its services,” the company stated.
The zkSNACKs coordinator is now blocking U.S. residents and citizens from using its coinjoin service.
— Wasabi Wallet (@wasabiwallet) April 27, 2024
While no specific announcement from U.S. authorities was referenced, the move to restrict U.S. users from accessing Wasabi Wallet services follows closely after the Department of Justice (DOJ) revealed money laundering charges against Samourai Wallet founders Keonne Rodriguez and William Lonergan Hill.
“The FBI is dedicated to uncovering covert financial schemes and ensuring that no one can conceal their actions behind a screen to carry out financial misconduct,” stated FBI Assistant Director in Charge James Smith.
It remains uncertain whether self-custody crypto wallets, such as Trust Wallet, could be classified as money transmitters, which might lead to a wave of increased enforcement actions.
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