Google Play Enforces Licensing Requirements for Crypto Wallets, Exempts Non-Custodial Apps

Google Play has implemented stringent new policies targeting cryptocurrency wallets and exchange apps, mandating specific licenses for custodial services. The move affects millions of Android users across 15+ countries as of October 29, though non-custodial wallets retaining user control of private keys remain exempt.

The policy clarification follows widespread confusion, with Google explicitly stating on social media that non-custodial applications fall outside the restrictions. This distinction preserves access to decentralized finance tools while tightening oversight on managed crypto services.

Market observers note the bifurcated approach reflects growing regulatory scrutiny of centralized crypto intermediaries, even as blockchain infrastructure itself faces fewer hurdles. The Android ecosystem's evolving stance mirrors broader financial sector tensions between innovation and consumer protection.