#AppleCryptoUpdate

Apple has a cautious stance regarding cryptocurrencies and digital assets in its App Store applications, with restrictive rules for applications related to this sector. Although it has allowed the use of cryptocurrencies in Apple Pay for conversion into physical cash during purchases, Apple has not fully embraced digital assets.

App Store rules for cryptocurrency applications:

Prohibition of cryptocurrency rewards: Applications cannot offer cryptocurrencies as rewards for tasks.

Restriction on initial coin offerings (ICOs): Applications cannot facilitate the conduct of ICOs.

Prohibition of using devices for mining: Applications cannot use users' devices for mining digital assets.

Commission on NFTs: Apple charges a 30% commission on NFT transactions, even if the transaction occurs within an application.

Restrictions on brokerage applications: Cryptocurrency brokerage applications can only be offered in countries where the company has the proper permission to operate.