Google Clarifies Policy on Non-Custodial Wallets Amid Crypto Exchange Restrictions

Google has clarified that its recent policy update targeting unlicensed cryptocurrency exchanges and wallets does not apply to non-custodial wallets. The tech giant made the announcement in a comment on X, alleviating concerns within the crypto community.

The new Google Play policy, which requires crypto exchanges and custodial wallet apps to obtain regulatory licenses in 15 jurisdictions—including the US, UK, and EU—initially sparked confusion. Non-custodial wallets, which allow users full control over their private keys, remain unaffected by the restrictions.

The move underscores the growing scrutiny of centralized crypto services while preserving access to decentralized tools. Market participants had feared broader implications for self-custody solutions, but Google's swift clarification has provided reassurance.