The updated developer rules that explain how they may interact with blockchain and cryptocurrencies on the App Store were released by Apple on Monday, October 24.
Apple’s New Crypto Regulations
According to CNBC, Apple stated in its revised guidelines that applications “could facilitate transactions or transfers of cryptocurrency on a recognized platform.”
However, the software can only be made available in areas where the business has secured the relevant authorizations and licenses to operate a cryptocurrency exchange.
Apple’s New Restrictions for NFTs Apple has updated its regulations for non-fungible tokens (NFTs), which can be digital representations of actual things like artwork and are frequently purchased with cryptocurrencies.
Applications may have access to third-party NFT collections as long as they don’t contain buttons, links, or other call-to-action that direct users to alternative purchasing options to in-app purchases.
As a result, the NFT trading service must utilize Apple’s in-app purchasing platform.