Google Play’s updated policy, effective October 29, 2025, requires crypto wallet apps in over 15 jurisdictions, including the US and European Union, to obtain licenses and comply with industry standards. Developers in the US must register as money services businesses or money transmitters, while those in the EU need to register as crypto-asset service providers (CASP). Companies registered with FinCEN in the US are required to implement a written Anti-Money Laundering program, potentially increasing Know Your Customer checks and other privacy-invasive measures. The policy does not differentiate between custodial and non-custodial wallets in the US or EU. The changes could lead to significant implications for how crypto wallet developers operate, particularly amidst growing regulatory scrutiny.

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