Google Play store requires licenses to publish Crypto applications star-news.press/wp

The Google Play store has announced a different policy that makes it mandatory for the coded currency governor to obtain official licenses for its financial services. This is a condition that the developers should satisfy before they can publish their applications.

The update affects the non -guardian and combustion portfolios. It applies to 15 judicial states, including the United States and the European Union.

The bases of the license of the Google Play Store are threatened by non -guardian portfolios in the main markets

According to Google DeclarationThe scale by the Play Store aims to create a safer and compatible environmental system for users. Developers in these areas now must meet specific licensing criteria that exceed the current legal requirements of many types of wallets.

In the United States, the Google Play Store base states that developers should register for the financial crime enforcement network as the MSB. It should also be registered in at least one state as money sender. Instead, they should be a federal banking entity or a state user. The newly defines the boundary of the proposed market structure of the market that can affect licensing criteria.

MSB registration requires a commitment to laundering strict funds, anti -terrorist financing, and know your customer procedures. These obligations, although the criterion of the financial institutions of the nursery is not required under the law to the non -guardian, under the Fincen 2019 directives.

This guidance distinguishes host portfolios (which carry user’s money) and non -equivalent portfolios, which do not do so. Google Play Play Policy imposes the same requirements for licensing on all portfolio applications regardless of the nursery model.

The policy of the European Union’s encryption portfolio from Google can reshape global access to non -friendly portfolios

In the European Union, the Google Play Store policy requires that developers be permitted as a CRYPTO (CASP) service provider. This mandate is under the organization of markets in the organization of encrypted assets (MICA).

MICA license applies to entities such as encryption, trading platforms, and guard service providers. Simple, non -homage portfolios are not eligible to obtain CASP condition, which means that independent developers cannot meet the license standard.

This only leaves the licensed supply as those that can include their wallet programs at the Play Store in the European Union. The approach reflects the elements of the financial business squad guidelines (FATF) 2021 on virtual assets and service providers.

This did not create any big difference between the guardian and non -trustee services. Politics may be a pivotal point in organizing encrypted currency services. If the Google Play store set comparable lists, the non -guardian governor may be distributed to smaller application stores.

The Crypto Nic Carter investor explained that the new ban on the guardian of Google Play Store is not part of the Operation ConckPoint. Carter argues that this step indicates the bad policy decisions of Google.

Google Ban non -guardian is not “cokepoint”. Just Google has a bad policy.

– Nic Carter (@Nic__carter) August 13, 2025

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Paul Adedoyin is an encryption journalist with more than 4 years of experience that provides timely news, in -depth research, and insightful content to inform and empower his fans. His works appeared in sites like Cryptomode, Cryptonewsflash and others. He holds a certificate in geophysics from OAU, Nigeria. When he does not write, he loves to watch football and read educational magazines. It can be accessed via (e -mail reserve)

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Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.

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Why confidence: Coingaape: Coingepe has covered the coded currency industry since 2017, with the aim of providing useful visions to our readers. Journalists and analysts bring years of experience in market analysis and Blockchain technology to ensure realistic accuracy and balanced reports. By following our editorial policy, our book is achieved from every source, and verifies each story, and they depend on the reputable sources, quotes and media properly. We also follow a strict review methodology when evaluating exchanges and tools. From Blockchain projects emerging and launching operations to industry events and technical developments, we cover all aspects of the area of digital assets with a fixed commitment to the relevant information in time.

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