Apple's Evolving Crypto and NFT Policies: A Guide for App Developers
Apple's Stance on Cryptocurrencies
Apple's App Store guidelines have long prohibited apps that facilitate cryptocurrency transactions, including mining, exchanging, and storing. However, in February 2023, a judge dismissed a consumer lawsuit challenging this restriction, upholding Apple's authority to regulate its app ecosystem.
Non-Fungible Tokens (NFTs)
In October 2022, Apple introduced new guidelines for apps that allow users to purchase or trade NFTs. These guidelines require apps to use Apple's In-App Purchase (IAP) system for NFT transactions, giving Apple a 30% commission on all sales.
Apple Pay and Crypto
Apple has recently announced the integration of Apple Pay with cryptocurrency exchanges. This new feature allows users to make cryptocurrency purchases directly through the Apple Pay app, opening up new opportunities for app developers in the crypto space.
Cryptocurrency Mining on iOS Devices
Apple strictly prohibits cryptocurrency mining on iOS devices, citing concerns about battery life and user safety. This restriction effectively bars apps that engage in blockchain mining or provide cloud-based mining services.
Conclusion
Apple's policies on cryptocurrencies and NFTs continue to evolve, reflecting the company's efforts to balance innovation with consumer protection. App developers must carefully navigate these guidelines to ensure their apps comply with Apple's regulations and avoid potential legal challenges.
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