The Apple App Store is a sought-after application marketplace which offers over 783,000 gaming apps, and 2.3 million non-gaming apps. Recently the App Store changed its guidelines towards cryptocurrency applications that can be downloaded through the marketplace.
According to the new rules, cryptocurrency applications must stick to the following description criteria that include wallets, ICOs, cloud mining platforms and exchanges. Mining apps using an iPhone’s chipset to mine digital currencies are strictly forbidden and are only let if the software is processing the mining off the device (for example, cloud-based mining).
Apple’s revised rules claimed that Wallet Apps can be used as virtual currency storage, provided they are suggested by developers registered as an organization. Exchange Apps might support cryptocurrency transactions or transmissions of an approved exchange, provided they are proposed by the exchange itself.
Initial Coin Offering Apps facilitating Initial Coin Offerings (“ICOs”), cryptocurrency futures trading, and other crypto-securities or quasi-securities trading must come from established banks, securities firms, futures commission merchants (“FCM”), or other approved financial institutions and must comply with all applicable law.
Apple App Store,
Revised Cryptocurrency Rules
The company removed all Bitcoin-related applications 4 years ago, and 2 years ago it was quite steady relatively to altcoins when it asked firms to remove digital assets like dash off their apps. Presently there are a lot of cryptocurrency applications and more added every day, but the freshly rules may exert a few apps already featured on Apple’s App Store, and cryptocurrency applications looking to be issued in the future.