Google recently caused a stir in the crypto community. It announced that any crypto wallet in America and Europe must have an official license. The problem is that it did not differentiate between custodial wallets where companies hold your keys and non-custodial wallets where you are the only one holding your keys. Developers objected, and Google adjusted its position, stating that non-custodial wallets are not intended. This clarifies that large Web2 platforms are trying to walk the fine line between law and innovation. What matters to you as a user or developer?
✅ If you are a user, ensure that you are using a non-custodial wallet. Your keys = your assets.
✅ If you are a developer, focus on security and transparency. Create clear documentation and have plans to protect the user.
✅ If you are an investor, keep up with new policies. Regulation is coming, and it could change the market landscape.
The future? It's not just Web2 or just Web3. It will be a mix. The one who succeeds will be the one who knows how to balance compliance with the law without compromising the idea of decentralization.
Don't wait for big companies to pave the way for you. Start on your own, understand the tools you are using, and protect yourself. The market is still in its early stages... and those who understand will assert themselves.
