Google Reiterates Policy: Self-Crypto Wallets Safe in Play Store
Google has unlocked clarity on its fresh policy toward crypto wallets.The tech behemoth confirms it won’t enforce strict licensing rules on self-custodial wallets.
On August 13, Google tweeted updates stating non-custodial wallets aren’t under the new cryptocurrency exchanges and software wallets policy umbrella. This tweak resolves concerns sparked earlier about banning such wallets.
The revised guideline comes after Google unveiled stringent app developer rules in 15 areas—U.S., EU, Canada, etc. These rules demand financial regulator licenses for app availability.
In the EU, for example, we’re eyeing the MiCA licence—a requirement for at least one member state.
This mandate extends to centralized and decentralized exchanges, raising eyebrows among DeFi players like Uniswap and PancakeSwap. However, non-custodial wallets escape this net.
Authorization demands are tightening globally. As crypto adoption swells, regulators blur lines between exchanges, affecting Android sales.
Solana’s (SOL) seeker phones now face a similar inquiry.While rooted in Android OS,they rely on Google services. Yet, Solana’s dApp Store presents an alternative for downloading crypto-pleasant apps.
