US Lawmaker Demands Answers From Apple and Google on Measures Against Fake Crypto Apps

A U.S. lawmaker has demanded answers from Apple CEO Tim Cook and Google CEO Sundar Pichai astir their measures against fake cryptocurrency apps appearing successful the Apple App Store and the Google Play store. “Millions of Americans usage mobile apps to put successful unregulated integer assets,” said Senator Sherrod Brown. “Reports person emerged of fake crypto apps that person scammed hundreds of investors.”

U.S. Senator Questions Chief Executives of Apple and Google connected Fake Crypto Apps

Senator Sherrod Brown (D-OH), president of the Senate Committee connected Banking, Housing, and Urban Affairs, sent a missive to Apple CEO Tim Cook and the CEO of Alphabet and Google, Sundar Pichai, regarding their measures against fake cryptocurrency apps connected their platforms.

He stressed that it is “imperative that app stores person the due safeguards successful spot to forestall against fraudulent mobile exertion activity.”

Senator Brown’s letters followed a informing by the Federal Bureau of Investigation (FBI) against fake cryptocurrency apps that person scammed hundreds of investors for losses of more than $42 million.

The lawmaker told the main executives of Apple and Google, “Millions of Americans usage mobile apps to put successful unregulated integer assets, including cryptocurrencies,” noting that “Crypto mobile apps are disposable to the nationalist done app stores,” including Apple’s App Store and the Google Play store.

He added:

While crypto apps person offered investors casual and convenient ways to commercialized cryptocurrency, reports person emerged of fake crypto apps that person scammed hundreds of investors.

Senator Brown concluded his missive to Apple and Google by asking 5 questions, requesting the executives to respond by Aug. 10.

The questions inquire the executives to picture their app stores’ app reappraisal process, the criteria utilized to find whether to o.k. an app, the steps they instrumentality to forestall crypto apps from circumventing app store policies and turning into phishing apps, each the systems and the processes enactment successful spot for radical to study fraudulent apps, and each actions their app stores person taken to alert radical astir existent oregon perchance fraudulent enactment associated with cryptocurrency concern apps.

The lawmaker told the CEOs that the intent of the questions is “To amended recognize the measures your institution is taking to forestall fraudulent enactment successful your app store.”

What bash you deliberation astir Senator Sherrod Brown questioning the CEOs of Google and Apple connected fake crypto apps? Let america cognize successful the comments conception below.