Google Play Store Bans Wallets That Don't Have Banking License
Google Play Store has introduced a policy that requires any software wallet developer to obtain a license before publishing cryptocurrency wallet apps to the Google Play Store "to ensure a safe and compliant ecosystem for users." The policy targets 15 jurisdictions, including the European Union and the United States, laying out which regulations Google Play Store expects software wallet developers to comply with. This includes being a registered Money Service Business with FinCEN in the US, as