Google Play App Store updates policy prohibits unlicensed encrypted wallets.

Google Play app store has updated its policy on cryptocurrency wallets, requiring any developer to provide a federal license before releasing a cryptocurrency wallet application. The company states that the new rule will apply to the United States, where cryptocurrency wallet applications must be registered with the Financial Crimes Enforcement Network as money service businesses, and must also hold a MiCA license within the EU. This new policy will also impact 13 other jurisdictions. Additionally, Google's updated rules apply to both custodial and non-custodial software to ensure a secure and compliant ecosystem for users.