Google Play has released updated rules that require crypto wallet apps to obtain licenses and comply with regulatory standards in more than 15 jurisdictions, including the U.S., Europe, U.K. and Canada.

The rules mandate that developers of crypto exchanges and wallets register with local financial authorities, such as FinCEN in the U.S. or obtain MiCA licenses in the E.U., to continue offering their apps on the Play Store starting October 29.

This story is an excerpt from the Unchained Daily newsletter.

After a fair amount of backlash from the crypto community, including Bitcoin advocate and Block co-founder Jack Dorsey, Google clarified that non custodial wallets will not fall into the scope of this new policy.

“We are updating the Help Center to make this clear,” said Google on X.