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Benzinga
Benzinga
Business
Murtuza J Merchant

Google Play's New Licensing Rules Threaten Non-Custodial Crypto Wallets In US, EU

Coins,,Cryptocurrency,And,Online,Trading,Statistics,,Value,And,International,Commerce

Alphabet Inc.‘s (NASDAQ:GOOG) (NASDAQ:GOOGL) Google has introduced new licensing requirements for cryptocurrency wallet applications on its Play Store, a move critics argue could block many non-custodial wallets from reaching users in key markets.

The updated policy applies to developers in 15 jurisdictions, including the United States and the European Union, and mandates compliance with local licensing frameworks, according to The Rage.

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