Google Play Clarifies Policy: Non-Custodial Crypto Wallets Unaffected by New Rules

Google Play has moved swiftly to dispel concerns over its updated policy for cryptocurrency wallets, confirming that non-custodial wallets remain exempt from new licensing requirements. Initial reports suggesting a crackdown on unregistered wallets sparked brief panic before Google clarified its stance via social media.

The revised policy, effective late October, targets custodial wallet providers in over 15 jurisdictions including the US and EU. These operators must now comply with local licensing regimes and industry standards to maintain their Google Play listings. The tech giant framed the changes as a consumer protection measure, ensuring crypto apps meet regulatory benchmarks in specified markets.

Notably absent from the update are any restrictions on self-custody wallet applications. This distinction preserves access to key financial sovereignty tools amid growing institutional adoption of digital asset infrastructure.