Apple’s App Store has clarified its rules on cryptocurrencies and non-fungible tokens (NFTs) laying out what apps are allowed to do with these technologies. Apps can offer services to sell NFTs and sell services related to them, so long as they use Apple’s in-app purchase system.
On crypto exchanges, Apple said in updated App Store rules on Monday, that apps may facilitate “transactions or transmissions of cryptocurrency on an approved exchange.” But the app can only be offered in countries or regions where it has licensing and permission to operate a crypto exchange.
“Apps may not use their own mechanisms to unlock content or functionality,” such as cryptocurrencies or cryptocurrency wallets.
Apple has clarified the rules on NFTs, which can be a digital representation of a real-life asset such as artwork and are usually purchased using cryptocurrency.
The guidelines say apps may use in-app purchases to sell NFTs and sell services related to them, such as minting, listing, and the transferring of these tokens. Apps can also allow users to browse NFT collections owned by others so long as the apps do “not include buttons, external links, or other calls to action that direct customers to purchasing mechanisms other than in-app purchase.”
MacDailyNews Take: Logical.
Please help support MacDailyNews. Click or tap here to support our independent tech blog. Thank you!
Shop The Apple Store at Amazon.
The Best Crypto Trading App
Best For: Tracking prices and setting alerts
Invest in the world’s most popular digital assets https://goodcrypto.app/. Gemini has a large number of supported assets and supports a wide variety of payment methods. It also offers hot wallets that are insured and backed up.
Hello! When purchasing NFTs on any marketplace these days, it’s crucial to be cautious of scammers who may attempt to deceive you with fake contracts and take your money. To ensure your safety and protect your funds, I recommend visiting this websitewebsite to learn about a secure blockchain contract for buying and selling NFTs through wakweli. By familiarizing yourself with this reliable protocol, you can safeguard your transactions and enjoy a worry-free experience in the world of NFTs