Google withdraws plan to ban non-custodial wallets from Play Store… "Retreats amid strong backlash"
Suehyeon Lee
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- Google announced it has withdrawn its plan to ban non-custodial cryptocurrency wallets from the Play Store.
- Previously, there was a mandatory introduction plan for anti-money laundering (AML) and know your customer (KYC) procedures, but with this withdrawal, it was stated that related apps would not be affected.
- Distribution and operation on the Play Store will continue as before.
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Google has withdrawn its plan to ban non-custodial cryptocurrency wallets from the Android Play Store.
On the 14th (local time), Watcher Guru reported, "Google has withdrawn its plan to impose a total ban on non-custodial cryptocurrency wallets on the Play Store after facing backlash."
Previously, Google had planned to ban non-custodial cryptocurrency wallets from the Play Store, and to mandate anti-money laundering (AML) and know your customer (KYC) procedures for related apps operating in the United States and European Union (EU). However, with the withdrawal of the plan, related apps can now be distributed and operated as before on the Play Store.
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