Today in crypto, Google Play introduced new licensing rules for wallet developers in over 15 jurisdictions, including the US and EU, but exempted non-custodial wallets. Effective October 29, developers in the US must register as money services businesses, while EU developers need to register as crypto-asset service providers. Following community backlash, Google clarified that non-custodial wallets are not affected by these changes. Additionally, Standard Chartered revised its Ether price target to $7,500 for 2025, citing increased institutional buying and stablecoin adoption driven by new US regulations. The bank reported significant Ether accumulation by treasury companies and ETFs since June. Moreover, US banking groups, led by the Bank Policy Institute, urged Congress to address a loophole in the GENIUS Act that permits yield offerings on stablecoins through partnerships with affiliate businesses, asserting that this could disrupt traditional banking deposits.

Source đź”—