Google Play Store Requires Government Licenses For Crypto Wallet Apps

Google Play Updates Rules for Crypto Wallet Apps

Google Play has released updated rules that require crypto wallet apps to obtain licenses and comply with regulatory standards in more than 15 jurisdictions, including the U.S., Europe, U.K. and Canada. The rules mandate that developers of crypto exchanges and wallets register with local financial authorities, such as FinCEN in the U.S. or obtain MiCA licenses in the E.U., to continue offering their apps on the Play Store starting October 29. Th…

Google Play Store Requires Government Licenses For Crypto Wallet Apps

Google Play Store now requires cryptocurrency wallets to obtain government licenses in US, UK, and EU, treating both custodial and non-custodial wallets identically.

Google Play Policy Confusion: No Ban on Self-Custody Crypto Wallets

Recent headlines and social media posts sparked confusion about whether “unregistered” crypto wallets were being banned, with many users fearing The post Google Play Policy Confusion: No Ban on Self-Custody Crypto Wallets appeared first on Sarson Funds | Cryptocurrency & Blockchain Investment Funds.

Google’s non-existent crypto wallet ban dubbed ‘Chokepoint 3.0’

A non-custodial wallet ban issued by Google, dubbed “Operation Chokepoint 3.0,” spooked the crypto community before the search engine giant corrected itself. The Rage initially reported that Google’s new Play Store policy required software developers of non-custodial wallets to have a license with FinCEN or MiCA regulations. This would force anti-money laundering and know-your-customer checks onto non-custodial wallet users.   Understandably, th…