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Today in crypto, Google Play unveils new rules for wallet providers but exempts non-custodial wallets; Standard Chartered forecasts Ether to hit $7,500 in 2025 on record ETF and treasury demand, stablecoin growth, and network upgrades; and US banking groups push to close a GENIUS Act “loophole.”
Google Play will require crypto wallet providers in over 15 jurisdictions, including the United States and the European Union, to get licenses and comply with “industry standards” under an updated policy. The revision does not affect non-custodial wallets.
According to Google Play’s policy notice, the changes take effect Oct. 29. Developers in the US will need to register with local regulators as either a money services business or money transmitter, while those in the EU must register as a crypto-asset service provider (CASP).
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