Google Play Store is implementing new licensing requirements for cryptocurrency wallet providers in over 15 jurisdictions, including the United States and the European Union. The update aims to ensure compliance with industry standards and take effect on October 29th, 2025. US developers must register as either a money services business or money transmitter, while EU-based developers must register as crypto-asset service providers (CASP). This move has implications for companies registered with the Financial Crimes Enforcement Network (FinCEN) in the US, who will need to implement stringent anti-money laundering procedures and potentially adopt stricter KYC measures. Notably, the policy distinguishes between custodial and non-custodial wallet providers differently across various regions. Google Play did not immediately respond to inquiries by publication time. This situation is ongoing and details are being added as they become available.