🚨 Google Play’s New Crypto Rule Could Wipe Out Non-Custodial Wallets! 😱📲
Big shake-up coming! Google Play will soon BAN crypto wallets unless developers have a banking, FinCEN, or MiCA license.
✅ Applies in US & EU (and 13 more jurisdictions)
✅ No difference between custodial & non-custodial wallets
✅ In the US → Must be a Money Services Business with FinCEN & state licenses, or be a bank
✅ In the EU → Must hold a MiCA license as a crypto-asset service provider
💬 Critics say this goes beyond legal requirements, since non-custodial wallets don’t even hold your funds.
⚠️ This could remove MOST non-custodial wallet apps, forcing AML/KYC even for wallets that never touch your coins.
📉 Privacy & self-custody under attack? Or necessary for security? What do you think? 👇
#Google #BAN
#CryptoWallet
#CryptoNews
Big shake-up coming! Google Play will soon BAN crypto wallets unless developers have a banking, FinCEN, or MiCA license.
✅ Applies in US & EU (and 13 more jurisdictions)
✅ No difference between custodial & non-custodial wallets
✅ In the US → Must be a Money Services Business with FinCEN & state licenses, or be a bank
✅ In the EU → Must hold a MiCA license as a crypto-asset service provider
💬 Critics say this goes beyond legal requirements, since non-custodial wallets don’t even hold your funds.
⚠️ This could remove MOST non-custodial wallet apps, forcing AML/KYC even for wallets that never touch your coins.
📉 Privacy & self-custody under attack? Or necessary for security? What do you think? 👇
#Google #BAN
#CryptoWallet
#CryptoNews
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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