This is unprecedented nonsense, seriously, I don't even know how to describe this situation.
What a boring world we live in. This only reinforces the point that we need to flip the switch, defend our freedom and privacy, and never give in.
Luckily, we have alternatives like Fdroid. Those celebrating this news are the wallet fraudsters who will invest heavily in phishing campaigns, causing many people to get robbed.
Thank you, daddy state, for creating yet another problem. My tax dollars are being well spent...
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Imagine this happening in a certain Latin American country where we have a crazy president and a court minister with serious popularity problems who thinks he's a dictator:
"Only regulated wallet apps and accredited by Anatel, requiring CPF registration, can be downloaded by users".
I believe that now more than ever, we need to learn more about crypto, security, and privacy
Fortunately, we have good tools to protect ourselves from most of the things that governments can do against us
The situation you mentioned in Brazil is an example where things are changing rapidly and censorship, confiscation, and blocking of money and assets seem entirely possible and realistic.
If we give up self-custody, privacy, anonymity, and security, it could cost us dearly
Google is a company that will always lean toward regulation and the government; after all, their business is to make money