Google Play Requires Licenses for Crypto Wallets

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Google Play will mandate jurisdiction-specific licenses for custodial crypto wallets, sparking initial concerns over non-custodial wallets. The tech giant clarified that self-custodial wallets remain exempt, easing fears among users.

  • Google Play will enforce jurisdiction-specific licenses for custodial wallets, including MiCA (EU), FCA (U.K.), and FinCEN (U.S.).
  • Non-custodial wallets are exempt from the new policy, easing concerns over self-custody restrictions.
  • The policy takes effect October 29, with transitional arrangements in France and Germany.
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