Google’s Play Store is banning unregistered software (non-custodial) wallets in several countries, including the U.S. and UK, starting in October, according to the company.
In a blog post, Google says “cryptocurrency exchanges and software wallets can only be published … if the app complies with local laws and industry standards.” Specifically in the U.S., developers “must be either (a) registered with FinCEN as a Money Services Business and with a state as a money transmitter or (b) a federal or state chartered bank entity,” the internet giant said.
Google also issued new guidance for the UK and the European Union. For the UK, “the developer must be registered with the Financial Conduct Authority,” or FCA. In the EU, developers “must be authorized as a crypto-asset service provider (CASP) under the markets in crypto-assets (MiCA) regulation by a relevant national competent authority.”
Google appears to have first made the announcement last month, with the new guidelines set to officially take effect on Oct. 29. The Rage was first to report on the update.
“[D]ue to the rapidly evolving regulatory landscape worldwide, developers are expected to obtain any additional licensure requirements per local laws,” Google said in the post. “Google Play may also request you to provide further information regarding your compliance in a given jurisdiction not listed below.”
Other countries with guidelines posted include South Korea, Israel, the United Arab Emirates, Canada, and Indonesia. Popular non-custodial wallets include MetaMask and Phantom.
© 2025 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
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