In a significant regulatory move, Google Play has announced that starting January 28, 2026, all overseas cryptocurrency exchange and wallet applications will need to comply with South Korea's financial regulations. According to the official information, this decision is set to reshape the landscape for crypto app availability in the region.
New Guidelines for Crypto Application Developers
Under the new guidelines, developers of crypto-related applications must provide proof of their registration with South Korea's Financial Intelligence Unit (FIU). This requirement will be enforced through the developer console, where evidence of VASP (Virtual Asset Service Provider) registration must be uploaded.
Impact on Overseas Platforms
As a consequence, major overseas platforms that fail to meet these criteria will be barred from new installations and updates on the Google Play Store. This move is expected to significantly impact users who depend on these applications for managing their cryptocurrency assets. It may potentially limit their access to essential services and tools in the evolving digital finance landscape.
Recently, Google Play announced new regulations for overseas cryptocurrency applications in South Korea. In contrast, Saudi Arabia is set to open its stock market to foreign investors starting February 1, 2026, as part of its Vision 2030 initiative. For more details, see read more.
