USA Crypto Coins Following the embracing moves, a great pressure was lifted over the sector. However, as a result of regulation studies, certain standards become compulsory. The formation of undergraduate frames prevents each crypto company from starting its activities without having legal responsibility. Mica has clearly demonstrated this for the EU region. Google did what was necessary.
Google Crypto Money Decision
A few minutes ago Google Play Store He published an important announcement. In the announcements section of the developers, it was declared that the crypto wallets without a state banking license or mica license will not be listed on the platform anymore.
The new Hamle ETH price, which means that wallets that do not offer storage service in the US play store will have to use AML/KYC, caused the price of about $ 70. The situation for the EU is worse.
“The developer must be registered as (a) as a Monetary Services Operation and registered as a money transfer organization in a state, or (b) must be a bank agency authorized by the federal or state.” – USA
“Developer must be authorized by the relevant national authorized authority within the scope of the Crypto Asset Service Provider (CASP) Regulation as a CSPT) Regulation. – European Union
Mica Licenses are not provided to simple services such as wallets that do not offer storage services, which means that wallet developers who do not offer storage services will be prohibited from the Play Store in the EU. FATF requires these AML rules and even non -decentralized crypto applications that do not offer storage service will be affected by new rules.
We will see which applications are blocked in a few days.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
