Google Introduces New Policy for Licensed Crypto Services on the Play Store

Google has rolled out a new policy impacting licensed cryptocurrency service providers, aiming to establish a safer and compliant ecosystem for users in 15 major jurisdictions like the U.S. and EU. This move requires developers to register as Money Services Businesses (MSB) or obtain relevant state licenses, aligning with existing AML, CTF, and KYC standards. The new rules also align with MiCA requirements for the EU market, requiring licensing for Crypto Asset Service Providers.