Google Play clarifies: self -ustodia wallets are “out of reach” of their policy

By Hannah Pérez

Google Play updated its policies, suggesting that it planned to prohibit wallets without custody or self -ustodia without a license, but clarified that the wallets “are not within the scope” of their new policy.

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• Google Play updated its policies, suggesting that it planned to ban wallets without custody or self -ustodia.
• The measure generated controversy, since it did not differentiate between custody and non -custodial wallets.
• The company responded to the community clarifying that the last “are not within the reach” of its policy.

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The Application Store of Google He has issued a clarification in response to the controversy generated by an update of his policy that initially seemed to impose strict license requirements on all cryptocurrency wallets, including non -custody.

“Wallets without custody are not within reach of the software wallet policy and exchanges of Google Play cryptocurrencies. We are updating the help center to make this clear“, The company wrote in an answer in X.

Thanks for Flagging This. Non-Custodial Wallets Are Not In Scope of Google Play’s Cryptocurrency Exchange and software Wallets Policy. We Are Updating The Help Center to Make This Clear.

– News from Google (@Newsfromgoogle) August 13, 2025

Google admitted that an update of its policy in the Play store It generated confusion by suggesting that all cryptocurrency wallets, – without distinction between custodians and non -custody – had to meet government licensing requirements (as a record with FINCEN in the US.

In response, Google He affirmed that the wallets does not custody or self -ustodia will not be affected by their new policy, which means that they do not need to register as licensed banks or monetary services businesses.

New Google cryptocurrency policies

The original update of Google Play detailed that all applications of “Cryptocurrency exchanges and software wallets”In 15 jurisdictions (including USA, EU, United Kingdom, Canada, Japan, among others) would require licenses or government records.

The measure generated criticism in the cryptocurrency community, including by legal experts and privacy defenders, who described politics as “Monopoly regulation” and “A silent blow“Against the sector.” Some critics pointed out that non -custody wallets are not subject to the same legal requirements as custody according to regulations such as the Finn or Mica guide.

An article of The Rage Published yesterday stressed that the policy would have required licenses for all digital assets wallets, which generated a significant reaction in social networks and specialized forums. The pressure of the cryptocurrency community seemed to drive Google to broadcast the clarification quickly.

Difference between custody and non -custody wallets

The custodial wallets aThey have cryptocurrencies on behalf of the users, with private keys controlled by a third, often the service provider, such as exchanges such as Coinbase either Binance. These are usually regulated as MSB in the US. UU. Because they handle third -party funds.

Meanwhile, in Non-custody or self -ustodia wallets, Users control their own private keys, locally stored in their software or hardware devices, such as MetamSk and Exodus In the first case, or Ledger In the second. According to Finnn and other regulations, these are not considered MSB, since no third party controls user funds.

Google promises to modify its language

The exemption of non -custodial wallets of the licensing requirements of Google allows small developers and Startups continue distributing these applications in Google Play without facing high costs and bureaucratic processes associated with government licenses such as MSB or CASP. Although politics will still apply to Exchange and custody wallets.

Google He has assured that he will update his help center to explicitly clarify that non -custodial wallets are not subject to licensing requirements imposed on cryptocurrency exchanges and custodial wallets. This correction seeks to dissipate the concerns of the cryptocurrency community.

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Article written with the help of AI, edited by Diariobitcoin

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