On August 13, 2025, Simply Bitcoin reported on X.com that Google is planning to implement a ban on unlicensed Bitcoin wallets. This news triggered widespread concern among the crypto community. However, users of Coin Wallet can breathe easy, and here’s why.
Understanding Google’s Potential Ban on Crypto Wallets
Recently, significant regulatory changes have come into effect in both the United States and the European Union, including the GENIUS and CLARITY Acts in the U.S. and the MiCA regulation in Europe. For a deeper dive into these implications, we invite you to check out our detailed articles.
These regulatory changes compel major internet platforms, such as Google, to align with new compliance standards. According to Google’s privacy policy and Help Center, any crypto wallet or exchange must obtain specific licenses tailored to adhere to the regulations of their operating country.
In the U.S., for example, crypto services must either be registered with FinCEN as a Money Services Business or hold a state license as a money transmitter, or be a federally or state chartered banking institution.
In Europe, developers are required to register as a crypto-asset service provider (CASP) according to the MiCA regulations, alongside meeting any additional national requirements that may exist.
Implications for Coin Wallet Users
Currently, Coin Wallet users need not worry, as Google has clarified:
Non-custodial wallets fall outside the purview of the Cryptocurrency Exchanges and Software Wallets policy.
Moreover, the official Twitter account News from Google verified this statement via X.com:
Coin Wallet operates as a non-custodial wallet, meaning that your private keys are securely stored locally on your device in an encrypted format. We firmly adhere to the motto “Your keys — your coins.”
As the crypto landscape progresses rapidly, we will continue to monitor developments from major global platforms. Meanwhile, you can join the growing Coin Wallet community through the App Store, Google Play, or directly on our website.
