Google Play Retailer’s up to date coverage would require crypto pockets suppliers in over 15 jurisdictions, together with the US and European Union, to stick to get licensed and adjust to “trade requirements” underneath an up to date coverage.
In keeping with Google Play’s coverage discover, the adjustments take impact Oct. 29, 2025. Builders within the US might want to register with native regulators as both a cash companies enterprise or cash transmitter, whereas these within the EU should register as a crypto-asset service supplier (CASP).
Within the US, corporations registered with the Monetary Crimes Enforcement Community (FinCEN) as cash companies companies should meet particular necessities, together with implementing a written Anti-Cash Laundering program. This might result in broader adoption of Know Your Buyer checks and different privacy-invasive measures.
Whereas the coverage distinguishes between custodial and non-custodial wallets in sure jurisdictions, it makes no such distinction for suppliers within the US or EU.
Cointelegraph reached out to Google however didn’t obtain a response by publication time.
It is a growing story, and additional info can be added because it turns into accessible.
