Google vs. Crypto Wallets: Coin Wallet Users, Do Not Be Afraid of a Ban

On August 13, 2025, Simply Bitcoin published news on X.com that Google was going to ban unlicensed Bitcoin wallets. The news drew a lot of attention, and the crypto community has been panicking. But Coin Wallet's users have nothing to fear, and here is why.

Why will Google Ban Crypto Wallets?

Recently, a few significant laws have come into effect in the U.S. and the EU. For example, the GENIUS and CLARITY Acts in the United States and MiCA in Europe. We have examined these in more detail, and if you want to learn more about these regulations, please read our latest articles:

• All You Need to Know About the CLARITY and GENIUS Acts
• How MiCA impacts self-custodial wallets in the EU
• MiCA Regulation Explained: What ByBit’s EU License Means for You

Now let us return to Google’s position. Because of the new regulations, global Internet platforms such as Google must comply with these rules. According to its privacy policy and Help Center notes, each crypto wallet or exchange must have a special license, depending on the requirements of the country.

For example, the U.S. crypto services must be either (a) registered with FinCEN as a Money Services Business and with a state as a money transmitter or (b) a federal or state chartered bank entity.

When it comes to Europe, the developers must be authorized as a crypto-asset service provider (CASP) under the markets in crypto-assets (MiCA) regulation by a relevant national competent authority. Any other local legal requirements, including any national-level restrictions or requirements beyond MiCA, must also be complied with.

What Does Google’s Activity Mean for Coin Wallet Users?

For now, nothing. Google’s note states the following:

Non-custodial wallets are out of scope of the Cryptocurrency Exchanges and Software Wallets policy

The official account News from Google confirmed this point on X.com:

Coin Wallet is a non-custodial wallet. We never store your private keys on our servers, because a non-custodial approach means that the private keys are stored on the user’s device in encrypted form. We are committed to the principle “Your keys — your coins.”

However, crypto moves fast, and we will monitor news and updates from global platforms. Of course, you can join us right now via the App Store, Google Play, or the web.