Google Play Store Tightens Rules for Crypto Wallets and Exchanges

Google Play Store has introduced stricter regulations for cryptocurrency wallets and exchanges, mandating compliance with local laws in specific jurisdictions. The move aims to enhance legal adherence and consumer protection within the app ecosystem.

In the United States, crypto services must register with FinCEN as Money Service Businesses and obtain state-level money transmitter licenses. The UK requires registration with the Financial Conduct Authority (FCA), while the EU demands compliance with MiCA regulations and local registrations.

Other affected regions include Thailand, the UAE, Switzerland, South Korea, and Japan. The policy underscores the growing institutional scrutiny of crypto platforms, potentially accelerating mainstream adoption through regulated frameworks.