Google Confirms Self-Custodial Crypto Wallets Remain Safe on Play Store

Google has updated its Play Store policy to clarify that self-custodial cryptocurrency wallets are exempt from new licensing requirements. The tech giant faced backlash after initial confusion over whether non-custodial wallets would be affected by stricter rules for exchanges and custodial services.

Licensing mandates now apply to 15 jurisdictions including the U.S., EU, and Canada, requiring crypto businesses to obtain regulatory approvals like MiCA in Europe. While decentralized exchanges may face challenges, the exemption preserves access for wallet providers that don't control user funds.

The policy refinement follows industry pressure to distinguish between custodial and non-custodial services. "We are updating the Help Center to make this clear," Google stated, addressing concerns about potential overreach beyond existing financial regulations.