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8h ago

Google Play Exempts Self-Custody Crypto Wallets, Sets Licensing Deadline for Custodial Apps

Enforcement begins October 29, 2025, requiring custodial apps on Google Play to hold jurisdiction-specific licences.

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Google Play’s new crypto rules could lock DeFi apps out of major markets
Google Play’s new rules now put more regulatory burden on custodial crypto wallets
Google clarifies that self‑custodial crypto wallets are safe on Play Store

Overview

  • Google clarified that non-custodial self-custody wallets are exempt from its new Play Store licensing policy for crypto apps.
  • Custodial exchanges and wallet apps must register with FinCEN as MSBs and obtain state money transmitter licences in the United States.
  • Developers targeting EU markets must hold MiCA authorisation as a Crypto-Asset Service Provider, and UK apps must register with the FCA.
  • Enforcement is slated for October 29, 2025, but hybrid wallet models and transitional allowances in France and Germany lack clear guidance.
  • Smaller developers have reported inconsistent delistings during the rollout and warn that high compliance costs could concentrate the market among large, licensed firms.