Google has published an update clarifying the Play Store rules for self-custodial crypto wallets, confirming that they are not subject to new licensing requirements.
New Google Guidelines on Cryptocurrencies
On August 13, 2025, Google clarified that the new Play Store rules do not apply to self-custodial crypto wallets. This statement followed an uproar in the crypto space caused by new licensing requirements.
Requirements for Centralized Wallets and Exchanges
The new Google guidelines require exchanges and custodial wallets to provide licenses to operate in 15 jurisdictions, including the U.S., the EU, and Canada. For instance, in the EU, developers will need to obtain a MiCA license in one member state.
Community Discussion and Reaction
The exemption for self-custodial wallets has been positively received by the crypto community. Many social media users questioned how this would affect the recently launched Solana phones that rely on Google services.
A ban on self-custodial crypto wallets could have negatively impacted the market; however, the exemption has been welcomed among users.
