Google revises listing rules for crypto exchange and wallet apps

Google has added a licensing-exemption category to its registration standards for cryptocurrency exchange and wallet apps, Digital Asset reported. According to Google Play developer policy documents, the company in October introduced a separate reporting route for apps that do not require licenses under local law and expanded the scope of recognized business licenses in Hong Kong and the United Arab Emirates. South Korea’s licensing standards, however, were unchanged. For operators seeking to distribute digital asset exchange or wallet apps in South Korea, the registration requirements for virtual asset service providers under the Financial Intelligence Unit still apply.