#CryptoIntegration Google takes a step back and a step forward with crypto wallets in Play Store.
It seems someone in Mountain View realized that crypto is not a passing trend. After the uproar over its initial policy - which practically wanted to remove all wallets from the U.S. and the EU without distinguishing between custodial and non-custodial - Google corrected its course. Now they at least recognize that a wallet where you control your private keys is not the same as a centralized exchange.
This demonstrates two things: first, that the pressure from the crypto community works when united (developers raised their voices and Google listened). Second, that even tech giants are learning, albeit the hard way, that blockchain does not fit into their traditional regulatory boxes.
It will be interesting to see how they implement these changes. Will they end up requiring KYC even for decentralized wallets? Or will they find a middle ground that doesn’t stifle innovation? For now, at least, it is a small victory for adoption. #Web3 #Google