Google Play Store's new policy on cryptocurrency wallet apps, effective from October 29, 2025, requires developers of wallets that hold and manage user funds (custodial wallets) and crypto exchanges to obtain relevant licenses such as banking or money services licenses in major jurisdictions including the US, EU, and UK.
These licenses include registration with FinCEN in the US or being certified as a crypto-asset service provider under the EU's MiCA regulation.
However, Google has clarified that non-custodial crypto wallets are exempt from these licensing requirements because they do not hold or manage user funds.
This exclusion means that non-custodial wallets will continue to be allowed on the Google Play Store without needing to secure these government licenses. Google has updated its help center and issued communications to ensure clarity over this exemption amid initial confusion and backlash from the crypto community.
Thus, Google Play’s new rules won’t affect non-custodial crypto wallets and they can continue to be distributed through the platform.
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