The post Google Play Store Cracks Down on Illegal Crypto Wallets and Exchanges appeared first on Coinpedia Fintech News
Google Play Store has established new tighter rules for publishing crypto exchanges and wallets in different jurisdictions. The massive app ecosystem unveiled the new measures for specific jurisdictions to facilitate legal compliance and consumer protection.
According to the announcement, crypto exchanges and wallets seeking to publish on the Google Play store must first comply with local laws. However, the Google Play Store will allow crypto exchanges and wallets to publish in jurisdictions without specific regulations.
List of Regions Crypto Exchanges and Wallets Must Obtain a License to Publish on Google Play Store
Google Play Store has urged crypto exchanges and wallets in the United States to register with FinCEN as a Money Service Business and with states as a money transmitter. The company has urged crypto exchanges and wallets in the United Ki
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