Google's Play Store will require custodial wallet apps to obtain jurisdiction-specific licenses before distribution. However, the company clarified that non-custodial wallets are exempt from this new policy, alleviating concerns that these wallets could be affected. The policy update, which will come into effect in the fall, mandates that custodial wallet services gain proper registrations, such as MiCA authorization in the EU or FinCEN registration in the U.S. This move initially sparked fears among users that it might limit self-custodial wallet functionality on Android devices. Google's assurance addresses these worries and aims to assure crypto holders that their self-custodial wallets remain unaffected by the new regulations. Moreover, the tech giant has indicated that updates to its Help Center will reflect these changes, providing clarity for users. The policy changes have faced criticism and skepticism from industry experts, highlighting ongoing tensions between technology companies and cryptocurrency distribution.

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