Google announced on July 10 an updated crypto exchange and “software wallet” policy that applies to anyone wanting to offer their crypto app through the Google play store. Reviewing the regulatory requirements they list for certain jurisdictions, it appears that “software wallet” means custodial wallet but that is far from clear. They don’t define the term and do not acknowledge that registering as a MSB is something FinCEN has specifically and clearly not required. Elsewhere Google states that “The purchase, holding, or exchange of cryptocurrencies should be conducted through certified services in regulated jurisdictions.” Probably doesn’t mean “can’t be done WITHOUT such certification” when it isn’t required but it obviously could be read that way. Good luck everyone finding the Google lawyer who wrote or signed off on the policies. Apple is similar. It’s a bit of a mess. The final boss for crypto is now more likely to be the Big Tech platforms that still dictate the major crypto app distribution channels. They are not required to be fair, consistent, or transparent.