Google Enforcing Rules for Blockchain-Based Apps on Android
Google is launching a new content policy for Android apps on the Google Play Store that is based on blockchain technology. The new policy, which goes into effect on December 7th, addresses issues like software wallets and cryptocurrency exchanges, as well as requirements for transparency and gamification of NFT, which include things like loot boxes (a type of in-game purchase).
According to the new policy for tokenized digital assets secured on a blockchain:
- Software wallets and cryptocurrency exchanges must abide by local laws in the areas in which they operate, and it is recommended that “the purchase, holding, or exchange of cryptocurrencies should be conducted through certified services in regulated jurisdictions.” According to Google, in order for developers to demonstrate that they are in compliance with rules or regulations, they may ask for more information.
- According to Google, any apps that allow users to purchase or earn tokenized digital assets will need to declare that they do so. Developers are prohibited from “promoting or glamorising any potential earnings from playing or trading activities” as part of this.
- Applications for gambling that incorporate digital assets, such as NFTs, must go through Google’s unique application process. NFTs cannot be used in wagers to try and win real-world money prizes, and money cannot be accepted in exchange for “a chance to obtain an NFT of unknown value” for apps that don’t comply with Google’s requirements for gambling apps.
The content policy also prohibits on-device cryptocurrency mining, which was previously covered by Google’s financial services guidelines.
The company has updated its Google Play policies with a focus on blockchain, among other things. Any app that provides financial features, for example, must submit a “financial features declaration form.”
Additionally, Google is revising its policy regarding “deceptive behaviour” … Read More ...