Google Confirms Non-Custodial Wallets Exempt From New Crypto App Rules on Play Store

Key Points

1. Google's new policy requires cryptocurrency wallet apps to hold jurisdiction-specific licenses, including MiCA authorization, before distribution in certain markets.

2. Non-custodial wallets are explicitly excluded from Google's Cryptocurrency Exchanges and Software Wallets policy.

3. The policy will be enforced starting October 29, as announced in a company blog post.

4. Android, which runs on over 70% of mobile phones, may see restrictions on self-custodial wallet apps, though some industry experts downplay the impact.

5. Google referred inquiries about the policy to its Help Center, which states that non-custodial wallets are 'out of scope' of the new requirements.