Google has clarified its policy with regard to self -spice portfolios on its platform and confirms that they are safe for a ban.
Summary
- Google clarified that the rules of the Play Store do not apply to self -directions
- New rules require trade fairs and storage portfolios to provide licenses
- The decision affects 15 important areas of law, including the US, the EU and Canada, among other things
After the new Play Store policy of Google caused a commotion in the crypto space, the Tech giant has updated its guidelines. On Wednesday, August 13, Google clarified that self-spice crypto portfolios are not subject to the new license requirements.
The update follows the announcement of Google of new rules for app developers in 15 areas of law, including the US, the EU, Canada, the UK, Japan and others. To have their apps available in these regions, developers must show licenses of relevant financial supervisors. In the EU, for example, developers must apply for a MICA license in at least one Member State.
These requirements go beyond what is required by law and may influence decentralized exchanges such as Uniswap and Pancakeswap. Nevertheless, the exemption for non-rights portfolios was welcomed in the crypto community.
Google Play policy is distorted by regulations
An increasing number of jurisdictions requires that crypto exchanges, both centralized and decentralized, register with supervisors. Typically making regulators no distinction between the two.
Exchanges and crypto portfolios are always ugly and any broad prohibition can influence the sale of Android devices.
Some users of social media undercommon What the new policy means for Solana’s (SOL) has recently launched searchers’ Lances. These phones are based on Android’s open source software, but are highly dependent on Google’s Suite of Services. Yet Solana has its own Dapp -Winkel For crypto-friendly apps that can serve as an alternative way for users to download Defi applications.
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