#AppleCryptoUpdate Apple's crypto updates are centered around its App Store guidelines, impacting how apps handle in-app purchases, NFTs, and cryptocurrency payments. Here are the key points :

- *No Crypto for In-App Purchases*: Apple bars the use of cryptocurrencies as a payment option for in-app purchases, requiring developers to use fiat currency payments with valid methods like debit or credit cards.

- *NFT Purchases*: Apple allows in-app purchases of NFTs but imposes a 30% commission rate on these transactions. Developers can't use external links or calls to action to circumvent this fee.

- *Crypto Exchange Apps*: These apps can only be offered in countries or regions where they have proper licensing. Trades aren't subject to the 30% "Apple tax".

- *Impact on Indian Crypto Ecosystem*: Given the low number of Apple users in India (around 3%), the impact on Indian crypto platforms is expected to be minimal. However, founders believe the guidelines are restrictive and go against decentralization principles.

A recent court ruling in the Epic Games vs. Apple case may further impact these guidelines. The ruling forces Apple to allow developers to accept crypto payments and use NFT features inside iOS apps without going through Apple's in-app system or paying its 30% fee. This could potentially open up new opportunities for crypto payments and NFT utilities within iOS apps ³.