Google Play will require crypto exchange and wallet apps in 15 regions, including the U.S. and EU, to hold government-issued licenses from October 29, 2025. U.S. developers must register as MSBs with FinCEN, while EU providers need MiCA authorization. Non-custodial wallets are exempt. The FBI warns of $9.9 million in losses from scammers posing as lawyers, targeting previous crypto scam victims with fake “recovery” services. These schemes demand upfront fees and steal personal data, compounding victims’ financial harm. The dual developments underscore growing regulatory scrutiny and persistent fraud risks in the cryptocurrency sector, highlighting the need for stronger compliance and vigilance.