Google said it will update its Play Store policy for software wallets this fall, sparking initial concerns among digital-asset users that the changes could sideline self-custodial wallets on Android devices.

Google Play will require custodial digital wallet apps, like those from exchanges, to hold jurisdiction-specific licenses—including MiCA authorization in the EU, FCA registration in the U.K., and FinCEN registration in the U.S.—before distribution in those markets, with transitional arrangements in France and Germany.

But, crypto holders needn't sound the alarm, according to the tech giant, which referred Decrypt to its Help Center after being contacted.

"Non-custodial wallets are out of scope of the Cryptocurrency Exchanges and Software Wallets policy," the Help Center reads.



The platform will begin enforcing its country-specific requirements on October 29, according to a blog post from the company.   

Google's clarifying comments come after Crypto Twitter railed against the planned policy changes on Wednesday. 

At the heart of the social media backlash were concerns that the guidelines might apply to self-custodial wallet applications on Android devices, which are largely not registered with regulators in their respective jurisdictions of operation. 

The Android operating system runs on more than 70% of all mobile phones, according to a 2025 report from Poland-based software solutions firm Neontri. 

However, Jacob Wittman, general counsel at the Plasma Foundation, dismissed concerns over the digital content platform's changes, calling them a “nothing burger.” 

“The Google Play wallet 'ban' is a giant nothing-burger in many ways,” Wittman said Wednesday in a social media post on X. 

Still, the policy change “does show that tech giants control distribution and we are still at their whim,” he said.

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