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Wake up motherfuckers, if you thought it couldnt get any worse, it just did: Google Play Store is banning all non-custodial wallets whose developers do not have a FinCEN registration, state banking license, or MiCA license. This means that in the US, *all* non-custodial wallets on the Play Store will have to employ AML/KYC. Sounds bad? In the EU, it’s even worse: MiCA licenses are not issued to services as simple as non-custodial wallets, effectively banning non-custodial wallet developers from the Play Store in the EU. As with all dumb AML ideas, it’s of course the FATF that opened the door to this nonsense, claiming that even non-custodial/decentralized software could have some element of control over funds. The DOJ tried to enforce this quagmire with Samourai and Tornado Cash, and now we’re seeing the largest App Store in the world enforce it on its own. After regulation by prosecution, here comes regulation by monopoly Are you tired of winning yet?
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Replies (63)

Better to understand now that if your connection to the emergent Bitcoin ecosystem was so fragile that it required ANY “Big Tech Bro” product or service, you were f@cked long before this happened.
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↩ replying to Chris
My brother, what devices do you use? There's only a handful of manufacturers making these chips on your phone/ laptop, the internet runs off cloudflare, all of your apps are on Google Play, Apples App store or GitHub. There's no hierarchy in this situation, we all rely on big tech regardless of how cypherpunk we all think we are.
↩ replying to Slimer
So let me get this straight….. Monopolistic nation states and BigTech are suppose to roll over and allow a new system that clearly has the potential to outcompete them flourish with their full co-operation? Strap in. This gets much much more difficult from here. Which, paradoxically, is exactly what we NEED to build the most durable ecosystem possible. Much love 🥰
WTF
User's avatar npub1mznw...6mak
Wake up motherfuckers, if you thought it couldnt get any worse, it just did: Google Play Store is banning all non-custodial wallets whose developers do not have a FinCEN registration, state banking license, or MiCA license. This means that in the US, *all* non-custodial wallets on the Play Store will have to employ AML/KYC. Sounds bad? In the EU, it’s even worse: MiCA licenses are not issued to services as simple as non-custodial wallets, effectively banning non-custodial wallet developers from the Play Store in the EU. As with all dumb AML ideas, it’s of course the FATF that opened the door to this nonsense, claiming that even non-custodial/decentralized software could have some element of control over funds. The DOJ tried to enforce this quagmire with Samourai and Tornado Cash, and now we’re seeing the largest App Store in the world enforce it on its own. After regulation by prosecution, here comes regulation by monopoly Are you tired of winning yet? View quoted note →
View quoted note →
↩ replying to Kalimera
I'd love to see our customers come with their desktops to purchase in store 🤣 No let's be serious, mobile wallets are by far the most used, there must be a reason. If you can't get rid of your Bitcoin easily, in other words spend it easily, it's worth 0. So you can't ignore the "in person" purchases use case like that IMO
They want your Bitcoin with custodians only, so they are able to steal ("seize") it easily... Worst thing is. Most people are not like us and are never going to download apps somewhere apart from the Play store... 😮‍💨
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Predicted this. Warned everyone that if Trump was elected they'd make owning your own bitcoin illegal. Because Bitcoin is a threat to the Zionist financial system and Trump being a pedophile will do whatever the Zionists tell him to do against the American people. It's the same reason that USA UK Canada Australia Germany and France are censoring the internet. It's all about Israel and USA tech giants(especially visa and MasterCard wanted to maintain total control over all digital money)
This kept me up this night, not the ATH that I noticed only in the morning. Sure, it seems Google have walked back the part about self-custodial wallets, but this only goes to show what’s in store for the future. We should not get lazy or complacent. These motherfuckers hate us and will do anything in their power to rob us of any sovereign tool, if we let them. View quoted note →
Hundred percent and that was the intentional along. They thought they could ignore bitcoin and they did for too long and they’re completely out of the loop something like 70% of bitcoin is owned by people like you and me so now they’re gonna try and do exactly that that’s what Nostr what we need is a decentralized Google Apple Store
The ladder to the escape hatch is being pulled up, and most people have no idea. Remember the times when it was easy to convert fiat currency to #Bitcoin.
User's avatar npub1mznw...6mak
Wake up motherfuckers, if you thought it couldnt get any worse, it just did: Google Play Store is banning all non-custodial wallets whose developers do not have a FinCEN registration, state banking license, or MiCA license. This means that in the US, *all* non-custodial wallets on the Play Store will have to employ AML/KYC. Sounds bad? In the EU, it’s even worse: MiCA licenses are not issued to services as simple as non-custodial wallets, effectively banning non-custodial wallet developers from the Play Store in the EU. As with all dumb AML ideas, it’s of course the FATF that opened the door to this nonsense, claiming that even non-custodial/decentralized software could have some element of control over funds. The DOJ tried to enforce this quagmire with Samourai and Tornado Cash, and now we’re seeing the largest App Store in the world enforce it on its own. After regulation by prosecution, here comes regulation by monopoly Are you tired of winning yet? View quoted note →
View quoted note →