Google Play Store initially implemented a policy requiring cryptocurrency wallet developers in 15 jurisdictions, including the United States and the European Union, to obtain federal licenses such as FinCEN MSB registration in the U.S. or a MiCA license in the EU before publishing their apps. This policy effectively banned non-custodial crypto wallets that did not hold such licenses, imposing AML/KYC requirements and restricting many developers from listing their apps on the platform. The new rules aimed to ensure compliance with local laws and create a safer ecosystem for users but sparked widespread backlash from developers and privacy advocates. Following the criticism, Google reversed its stance, clarifying that non-custodial wallets are exempt from the new cryptocurrency app rules and will not be banned from the Play Store. The company acknowledged confusion in its initial legal language and confirmed that non-custodial crypto wallets remain allowed on the platform.
“CRYPTO” GOOGLE SEARCHES REACH NEW YEARLY HIGH Search interest for the term “crypto” on Google has surged to its highest level this year. The spike signals growing public attention and renewed curiosity around digital assets. https://t.co/u3LeuMz3T3
"CRYPTO" GOOGLE SEARCHES JUST REACHED A NEW YEARLY HIGH https://t.co/xL1ujSaa31
⚡ HUGE: Google searches for "crypto" reach a yearly ATH. https://t.co/djbj25OEEz