Apple Expands App Store Guidelines to Include NFTs and Crypto Transactions
Apple Updates App Store Guidelines to Include NFTs and Crypto
Apple has recently updated its App Store Review Guidelines to incorporate non-fungible tokens (NFTs) and cryptocurrency-related features. This move is expected to enhance the integration of digital assets within iOS apps, potentially driving broader crypto adoption.
NFT-Related Policies
The updated guidelines now permit apps to facilitate NFT-related activities such as minting, listing, and transferring. However, there are restrictions: NFT ownership cannot unlock additional features or functionality within apps. Users are allowed to view their own NFTs, but apps cannot use mechanisms that unlock content through NFTs.
Crypto Transactions
Apps may now enable cryptocurrency transactions on approved exchanges, provided they comply with regional licensing and permissions. This means crypto exchange services must only operate in areas where the app has the necessary regulatory approvals.
Market Reaction
The crypto community has responded positively to these changes, viewing them as a significant step toward mainstream crypto adoption. By allowing NFT and crypto transactions within apps, Apple is supporting the growing digital economy.
This update reflects Apple's recognition of the expanding role of digital assets and their potential to enhance user experiences within the App Store ecosystem.
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