Will Google’s New Crypto Policies Impact User Privacy and Innovation?
What Are Google’s New Policies on Crypto Wallets?
Google is changing the game with its new policies targeting cryptocurrency wallets on its Play Store. Starting between August and October 2025, developers of both custodial and non-custodial wallets will need to secure banking or money service licenses. This affects places like the United States, EU, UK, Canada, and Japan – regions vital for crypto dealings.
But what’s the catch? Wallet issuers in the U.S. must now register with the Financial Crimes Enforcement Network (FinCEN) and get state authorisation to operate. Non-custodial wallet builders are being pushed to meet similar expectations as custodial platforms. Many developers are saying these new rules create unmeetable burdens,…
