Google Play Store has introduced a policy that requires any software wallet developer to obtain a license before publishing cryptocurrency wallet apps to the Google Play Store “to ensure a safe and compliant ecosystem for users,” The Rage reports. The policy targets 15 jurisdictions, including the EU and the U.S., laying out which regulations Google Play Store expects software wallet developers to comply with. This includes being a registered Money Service Business with FinCEN in the U.S., as well as obtaining a MiCA license in the EU.
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