Google updated Play Store policy requiring crypto exchanges and wallets to hold valid local licenses where they operate. In South Korea, only apps from platforms registered as Virtual Asset Service Providers (VASPs) will remain available for download or receive updates, effectively removing most foreign centralized exchange apps from the Play Store. Users can still access offshore platforms via mobile web or sideloaded APKs, but these reduce functionality and increase security risks. The change is expected to strengthen domestic exchanges (e.g., Upbit, Bithumb), push some users toward DeFi and non-custodial wallets, and force global exchanges to pursue local partnerships or equity stakes to stay in the market. Existing foreign apps already installed may stop receiving Play Store updates, heightening security concerns; the policy could be copied by other regulated jurisdictions.

Google now requires local licenses for crypto apps; South Korea will only allow VASP-registered platforms on Play Store, effectively blocking most foreign centralized exchanges. This reduces distribution and updates for offshore exchange apps (security risks) while strengthening domestic exchanges and encouraging shifts to web access, sideloading, DeFi, or local partnerships. These concrete effects make the story relevant to exchange access and local liquidity but do not provide direct, immediate price-moving data for specific assets.