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Topic: Why are app stores strict on cryptocurrency app submission? - page 2. (Read 250 times)

jr. member
Activity: 31
Merit: 7
scanned through some crypto groups and found developers listing out on the requirements for the submission of a crypto based app like wallets to be successfully accepted on app stores. Rules like submitting through a corporate account for any crypto app and wallets used for holding and exchanging crypto, must give details in a paperwork on how it complied with AML and KYC, made me search for clarification here. So does this mean that any app, software or website that has to do with crypto exchange, send and receive need to approve and comply with the kyc policy? And comply to the regulation for any region. This doesn't appear to be helpful as they claim for the cryptocurrency niche. Although it limits the rate of crappy blockchain softwares being shared on app store and stop scam app, but many crypto apps that bypassed such regulations still malfunction and people get to lose their money.
 
https://support.google.com/googleplay/android-developer/answer/13607354?hl=en
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