#AppleCryptoUpdate Apple’s New Rules for Crypto Apps: A Game Changer

Apple has undergone a significant policy shift following a U.S. federal judge's ruling that requires the removal of restrictions on apps facilitating external payments, particularly in the crypto sector. On April 30, 2024, Judge Yvonne Gonzalez Rogers concluded that Apple willfully violated a 2021 injunction aimed at curbing anti-competitive practices, mandating immediate implementation of changes that eliminate commissions and allow developers to direct users to external payment options.

The ruling is seen as a positive development for the crypto industry, enabling developers to avoid hefty fees and improve user communication. It also has implications for the App Store ecosystem, impacting Apple’s control and potentially leading to greater innovation in mobile crypto applications. However, uncertainties remain regarding the long-term management of these changes and their regulatory implications, marking a transformative chapter for crypto apps on iOS.