Google Play Tightens Rules for Crypto Wallets, Raising Regulatory Burden

Google has quietly updated its Play Store policies, imposing stricter licensing requirements on cryptocurrency wallet applications. The new rules, which took effect in early August, target custodial wallets across major jurisdictions including the US, EU, Japan, and South Korea.

Industry experts warn the policy could disproportionately affect smaller wallet providers while favoring established custodial platforms. The move aligns with global regulatory trends but raises concerns about Big Tech's growing influence over crypto app distribution channels.

Google maintains the changes aim to create a safer ecosystem, but developers face potential exclusion if they cannot meet the heightened compliance standards. The policy update leaves unanswered questions about accountability and the future of lightweight wallet solutions in regulated markets.