Starting from October 29, 2025, Google Play Store introduces new rules for cryptocurrency wallets requiring developers to hold licenses in various jurisdictions.
General Requirements for Cryptocurrency Wallets
According to the new rules, all software wallets whose developers do not have FinCEN registration, state bank licenses, or MiCA licenses will be banned. This applies to both custodial and non-custodial wallets, but the latter are exempt from this rule.
Key Jurisdictions and Their Licenses
The requirements cover 15 jurisdictions, including the United States and the European Union. Key regulatory bodies include: - United States: FinCEN as a Money Services Business; - United Kingdom: Financial Conduct Authority (FCA); - United Arab Emirates: Financial Services Regulatory Authority or Dubai Financial Services Authority; - European Union: Markets in CryptoAssets (MiCA) regulations.
Impact on the Cryptocurrency Industry
With these rules, Google Play aims to enhance user security and reduce scam risks. This aligns with the growing popularity of digital assets and expectations for stricter compliance measures.
These changes in Google Play's policy have significant implications for developers and users of cryptocurrency wallets worldwide as regulatory requirements become more stringent.
