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

Google Play Enforces New Licensing Rules for Crypto Wallets

Google Play has introduced new licensing rules for cryptocurrency wallet developers, effective October 29, requiring compliance in 15 jurisdictions, including the US and EU. This move aims to enhance user security but poses challenges for developers needing regulatory approvals before app publication.

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Google Play sets new licensing rules on crypto wallet developers
PositiveCryptocurrency
Google Play has announced new licensing rules for crypto wallet developers, effective October 29. This update aims to ensure compliance and security for users in specific countries.
Editor’s Note: This matters because it reflects the growing regulation of cryptocurrency and aims to protect users by ensuring that wallet apps adhere to specific standards. As the crypto market evolves, such measures can enhance trust and safety.
Google Play Store bans crypto wallets in 15 jurisdictions, requires new licensing compliance
NegativeCryptocurrency
Google Play Store has implemented new licensing requirements for cryptocurrency wallet applications in 15 jurisdictions, including the US and EU. Developers must now obtain regulatory approvals before publishing their apps.
Editor’s Note: This change is significant as it impacts developers in the cryptocurrency space, potentially limiting access to the market and increasing compliance costs. It reflects growing regulatory scrutiny on digital currencies.

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