Google recently updated its Google Play Store rules for apps dealing with cryptocurrencies, sparking confusion and complaints from developers. The new policy, set to take effect on October 29, 2025, requires crypto exchange apps and custodial wallets to get proper financial licenses in countries like the US and EU. 
Custodial wallets are those where the app holds users' funds, like a bank. Non-custodial wallets, where users control their own keys and assets (true self-custody), were initially lumped in, leading to fears of a ban on decentralized tools. After quick backlash on social media and from the crypto community, Google stepped in to clarify: Non-custodial wallets are exempt and won't need licenses.
This means apps like popular self-custody wallets can stay on the store without changes, while custodial services must comply with local laws to avoid removal. 
The update aims to protect users from risks in regulated financial services, but it highlights the challenges of fitting Web3's decentralized nature into Web2's controlled ecosystems.This incident shows the "growing pains" of blending blockchain tech with mainstream platforms. Google listened to feedback and adjusted quickly, proving big tech is starting to adapt to Web3 innovations like decentralization while prioritizing safety and compliance.
For example, similar issues have popped up with Apple and other app stores, pushing for clearer rules on NFTs, DeFi, and wallets.
How do you see the relationship between Web2 platforms and Web3 technologies evolving over the next few years? Expect more integration, like easier crypto payments in apps, but with stricter regs to build trust.Complete daily tasks on Task Center to earn Binance Points:•