Google is Banning Several Crypto Wallet Apps In the US and EU

Google Play updated sweeping new policy changes, banning wallet apps unless they meet local regulatory compliance. The Roman Storm case might be very relevant to this crackdown.

Impacted regions include the US, EU, UK, Canada, Switzerland, Japan, Hong Kong, South Korea, Philippines, Indonesia, South Africa, Bahrain, the UAE, and Israel. In many of these regions, non-custodial wallets cannot reach compliance.

Crypto wallets are very serious business, and community members can have very strong opinions about them.

Self-custody is a critical way to protect yourself from scams, after all. When Google announced today that it was changing its policies on mobile wallet apps, this naturally caused a lot of fear-mongering and anxious reactions:

JUST IN:
GOOGLE ANDROID'S LATEST UPDATE AUTOMATICALLY DELETES ALL CRYPTO WALLETS CAUSING USERS TO LOSE BILLIONS OF DOLLARS IF THEY DIDN'T BACK UP THEIR WALLET – MILLIONS AFFECTED. -RT pic.twitter.com/QH8aGYbpS2