Krutika Adani
Stricter Rules for Crypto Apps
Google Play Store introduces new regulations for crypto exchanges and wallets, requiring compliance with local licensing laws in key regions.
Mandatory Registrations in Major Markets
In the U.S., apps must register with FinCEN and states; the U.K. requires FCA approval; EU apps must meet MiCA and national regulations.
Global Scope of New Policy
The policy applies to markets like Thailand, UAE, Switzerland, South Korea, Japan, Israel, Indonesia, Canada, South Africa, and more.
Crackdown on Crypto Scams
New rules follow rising phishing scams, with fake DeFi apps impersonating PancakeSwap, SushiSwap, and others to trick users.
Impact on Web3 Adoption
Licensed apps gain safer access to Google Play’s vast user base, strengthening consumer trust and accelerating regulated Web3 growth.