As of October 29, 2025, new licensing requirements will take effect on Google Play, impacting a variety of crypto wallet applications and creating both hurdles and opportunities.
Changes in Google Play Policy
In August 2025, Google Play announced an update to its policy regarding cryptocurrency wallet applications. Effective October 29, 2025, developers of custodial crypto wallets must obtain licenses in more than 15 jurisdictions, including the U.S. and the European Union. This update aims to enhance regulatory compliance and user protection within the digital asset ecosystem. Non-custodial wallets will be exempt from these new requirements.
Comparison of Custodial and Non-Custodial Wallets
A custodial wallet is one where the provider manages your private keys. It is convenient for recovery, but introduces risks due to reliance on the provider's security. In contrast, non-custodial wallets give users full control over their funds but require careful management of private keys. The primary differences center on security, responsibility, and convenience.
Potential Consequences for Users and Developers
The new requirements may restrict access to certain apps, pushing users towards non-custodial wallets, where they have complete control over their assets. Developers will have to adapt their apps to these new standards, potentially slowing feature rollout. However, this may also create opportunities for innovation, allowing developers to focus on secure user-controlled wallet experiences.
The introduction of new licensing requirements by Google Play presents new horizons for crypto wallet users and developers, ensuring higher levels of security while also increasing complexity for new users.
