Google Exempts Non-Custodial Wallets From Play Store Licensing Rules After Pushback

• Google clarifies non-custodial wallets excluded from licensing requirements.
• The initial policy would have required MSB registration for all wallet developers.
• The update removes barriers for self-custody software on the Play Store platform.

Google has clarified that non-custodial wallets will be exempt from its new cryptocurrency wallet licensing requirements following pushback from the developer community. The company announced that its Play Store policy will be updated to exclude self-managed wallet applications from the licensing mandates that initially applied to all cryptocurrency software.

The original policy required any wallet developer to obtain licenses before publishing cryptocurrency applications on the Google Play Store across 15 jurisdictions, including the United States and the European Union. Google stated the requirements aimed to ensure “a safe and compliant ecosystem for users,” but created unwork…

The post Google Exempts Non-Custodial Wallets From Play Store Licensing Rules After Pushback appeared first on Coin Edition.