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.
There are many wallets and crypto platforms that requires no KYC but have applications on Google Playstore. 99.99% of bitcoin noncustodial wallets if not 100% do not require anyone for KYC or verification.