Apple’s New Ludicrous Crypto Rules

Apple’s New Ludicrous Crypto Rules

Share this article

Jonathan
Jonathan

An editor at Coincrop


02 Nov 2022 | 3 min read
16,565 views

B

eing a part of people's lives in as many ways as possible has been Giant companies like Apple's bread and butter for years now.

Up until recently, Apple has shown that it is able to focus its efforts to remain popular and relevant with what consumers want. This ability allowed the company to stay up-to-date with consumer desires, needs and cares.

Sadly, it seems that this is no longer the case, Apple's recent crypto rules show how out of touch the company is becoming.

With the new proposed rules, which would obligate cryptocurrency users to pay massive fees, and it would appear that the company is heading for a losing battle?

On Oct. 24, Apple announced in its updated App Store guidelines that crypto exchange applications “may facilitate transactions or transmissions of cryptocurrency on an approved exchange” only “in countries or regions where the app has appropriate licensing and permissions to provide a cryptocurrency exchange.”

If you want to unlock extra features, you will need to make additional payments. “in-app purchase currencies,” as developer apps “may not use their own mechanisms to unlock content or functionality, such as license keys, augmented reality markers, QR codes, cryptocurrencies and cryptocurrency wallets.”

Apple is once again trying to maintain the control it has held for years over its technology by preventing others from challenging them...


Jonathan

Jonathan

An editor at Coincrop
View articles

Jonathan is a Coincrop staff writer based in the UK, covering the best rates for cryptocurrency earning and borrowing products. When not at work, he's likely sailing.


Our sponsor

CoinLoan combine the best of traditional and novel finance helping you borrow, swap and grow your assets.

Compare over 45,535 CeFi and DeFi products across more than 191 organizations here