🚨 Important update for cryptocurrency users on Google Play! 🚨
Starting October 29, Google Play will impose strict licensing requirements on cryptocurrency wallet providers in over 15 jurisdictions, including the United States and the European Union. 💥
🔹 In the United States: Companies must register with local regulatory authorities as financial service businesses or money transfer companies, and comply with anti-money laundering (AML) regulations and "know your customer" (KYC) checks.
🔹 In the European Union: Companies must register as Crypto Asset Service Providers (CASP) to ensure compliance.
⚠️ The new policy does not differentiate between custodial and non-custodial wallets, making compliance with the standards more comprehensive.
This update is a significant step towards regulating the cryptocurrency market and protecting users, affecting all wallet providers worldwide. 🌍
Stay tuned for more details as they become available! 🔔
#Crypto #GooglePlay #Blockchain #CryptoWallet #KYC #AML #CASP #تحديثات_العملات_المشفرة