Google Play Exempts Non-Custodial Crypto Wallets from New Licensing Rules

Google Play has updated its cryptocurrency policy, imposing licensing requirements on custodial wallet providers while explicitly excluding non-custodial solutions. The changes, effective October 29, mandate U.S. developers to register as money transmitters and EU developers to qualify as crypto-asset service providers.

The policy carveout for non-custodial wallets preserves access for decentralized finance applications. Developers must now declare wallet functionality through Google's Financial Features Declaration system, with location-specific compliance forms for targeted jurisdictions.

Global regulatory divergence creates compliance complexity. While Google permits apps in unlisted regions to operate, developers bear responsibility for securing necessary local approvals. The platform reserves right to request additional documentation as regulatory landscapes evolve.