Google Play Store Tightens Regulations on Crypto Wallets and Exchanges

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

Exchanges and wallets must now obtain licenses tailored to regional requirements. In the U.S., registration with FinCEN and state-level money transmitter licenses are compulsory. The U.K. demands FCA approval, while the EU requires MiCA compliance alongside local registrations.

Jurisdictions lacking clear crypto regulations will still permit listings, creating a bifurcated landscape. The policy shift reflects growing institutional scrutiny of digital asset services, mirroring broader financial sector trends toward standardized oversight.