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Apple cryptocurrency app rules

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AppleInsider may earn an affiliate commission on purchases made through links on our site. The company has remained relatively quiet on blockchain technologies such as cryptocurrency and non-fungible tokens, or NFTs, but the new guidelines should help developers by spelling out what they can and cannot do. Specifically, the changes involve the rules surrounding in-app purchases, and the company clarifies that cryptocurrencies can't be used as an alternative payment option.

The rule change is no surprise, as Apple only allows alternative payment systems in certain countries. Finally, Apple has revised rule 3. These companies let people buy and sell cryptocurrencies using traditional fiat currency. Cryptocurrency exchanges, such as Coinbase and Binance, already exist on the App Store, but now developers have a little more guidance for their businesses. There are cases to put on your iPhone, and then there are cases to put your iPhone in.

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At the CES, we went hands on with some of the best smart home products to launch outside of Apple's HomeKit ecosystem. The Creality Ender-3 Max Neo is a great starter 3D printer for those who want to produce much bigger plastic creations than you'd normally get on an entry-level printer. SanDisk Professional's Pro-Blade SSD is a modular storage system that has good enough speed, and is reasonably compact, but it needs time to evolve and see greater adoption.

Toggle navigation. AAPL: But Apple is saying some of this will not be allowed. Apple argues that control over the App Store allows it to ensure the security of apps and payments.

It has also said that the App Store has birthed a successful app ecosystem allowing developers to make money. Skip Navigation. Investing Club. Key Points. Apps can offer services to sell NFTs and sell services related to them, so long as they use Apple's in-app purchases. All of this means that any sort of trading service of NFTs must use Apple's controversial in-app payment mechanism.

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SanDisk Professional's Pro-Blade SSD is a modular storage system that has good enough speed, and is reasonably compact, but it needs time to evolve and see greater adoption. Toggle navigation. AAPL: Changes to 3. Apps may not use their own mechanisms to unlock content or functionality, such as license keys, augmented reality markers, QR codes, cryptocurrencies and cryptocurrency wallets, etc. Apps may use in-app purchase to sell and sell services related to non-fungible tokens NFTs , such as minting, listing, and transferring.

Apps may allow users to view their own NFTs, provided that NFT ownership does not unlock features or functionality within the app. Apps may allow users to browse NFT collections owned by others, provided that the apps may not include buttons, external links, or other calls to action that direct customers to purchasing mechanisms other than in-app purchase.

Exchanges: Apps may facilitate transactions or transmissions of cryptocurrency on an approved exchange, provided they are offered only in countries or regions where the app has appropriate licensing and permissions to provide a cryptocurrency exchange.

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Latest comparisons. Latest News. By Andrew Orr 17 minutes ago. Creality Ender-3 Max Neo 3D printer review: For bigger printing projects The Creality Ender-3 Max Neo is a great starter 3D printer for those who want to produce much bigger plastic creations than you'd normally get on an entry-level printer. By Malcolm Owen 1 hour ago. By William Gallagher 3 hours ago.

What is Display Scaling on Mac, and why you probably shouldn't worry about it 3 hours ago. What is Display Scaling on Mac, and why you probably shouldn't worry about it Display scaling makes the size of your Mac's interface more comfortable on non-Retina monitors but incurs some visual and performance penalties. We explain these effects and how much they matter. By Alex Baggott 3 hours ago.

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By William Gallagher 5 hours ago. By Wesley Hilliard 5 hours ago. According to the new rules, apps that trade and sell NFTs and services related to them are now required to utilize in-app purchase for said transactions. The guidelines also include new rules for cryptocurrency apps and services as well.

The rule regarding cryptocurrency would seem to imply a crackdown on cryptocurrency services operating in countries where they are unlawful. China has c racked down heavily on cryptocurrency , so this may be Apple covering its rear as a liability there and in similar countries that have restricted cryptocurrency exchange.

Stay tuned as we continue to watch for further updates in the NFT and crypto space. TJ Denzer is a player and writer with a passion for games that has dominated a lifetime. He found his way to the Shacknews roster in late and has worked his way to Senior News Editor since.

Between news coverage, he also aides notably in livestream projects like the indie game-focused Indie-licious, the Shacknews Stimulus Games, and the Shacknews Dump. You can reach him at tj.

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WebOct 25, �� Apple released guidelines for non-fungible tokens (NFTs) and clarified rules around cryptocurrency payments and crypto exchanges, saying apps selling NFTs . WebOct 24, �� The rule change is no surprise, as Apple only allows alternative payment systems in certain countries. An addition to the rule is as follows: Apps may use in . WebApr 11, �� Another way Apple can help with crypto is the storing of private keys and seed phrases in iCloud tied with their multi-factor authentication. This will enhance the .