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Google Play Enforces New Licensing Rules for Crypto Wallet Apps
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Crypto RegulationCryptocurrency
Updated a few seconds ago

Google Play Enforces New Licensing Rules for Crypto Wallet Apps

Google Play has introduced stricter regulations for crypto wallet applications in 15 major regions, including the US and EU. Apps must now provide proof of a government-issued license, effectively banning non-custodial wallets. This decision aims to enhance regulatory compliance and user security but may limit options for users in these regions.

Related Articles
Google Play Cracks Down on Crypto Wallet Apps in Key Regions
PositiveCryptocurrency
Google Play has implemented stricter policies for crypto wallet apps in 15 major regions, including the US and EU. These apps must now provide proof of a government-issued license to remain listed on the platform.
Editor’s Note: This move is significant as it aims to enhance security and trust in the crypto space, ensuring that users are protected from potential fraud and misuse of their funds.
Google Play Store to block crypto wallets without banking licenses in US and EU
NegativeCryptocurrency
Google Play Store will now require crypto wallets to have banking or money service licenses, effectively banning non-custodial apps in the US and EU. This move aims to enhance regulatory compliance and user security.
Editor’s Note: This change is significant as it impacts the availability of crypto wallets for users in the US and EU, potentially limiting their options and affecting the broader cryptocurrency market.

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