Why Did Google Change Its Crypto Wallet Policy?
Google’s surprising policy shift regarding crypto wallets has sparked widespread interest and discussion. Previously, the tech titan announced its intention to enforce stringent licensing requirements for non-custodial crypto wallets on the Play Store. However, after facing backlash from developers, legal experts, and industry participants, they have chosen to reverse their stance.
What exactly happened? Google originally intended to make it mandatory for all wallet developers, including those offering non-custodial solutions, to obtain financial services licenses. This triggered a strong response from stakeholders who argued that such a requirement would severely limit options for users and stifle innovation. The pushback was loud and…
