Apple has published rules for NFTs for the first time while clarifying rules around cryptocurrency payments and crypto exchanges.
Technology heavyweight Apple has clarified its App Store rules around nonfungible tokens (NFTs) and cryptocurrency exchanges marking the first time its codified specific rules for NFTs.
The new rules confirm how NFT purchases will be taxed and what they can and can't be used for, while also clarifying rules around when a crypto exchange app can be listed.
The Oct. 24 update to its App Store guidelines saw language added that allows fo in-app purchases of NFTs, but bars any NFTs acquired elsewhere to be used for anything other than viewing.
It also allows applications to use in-app purchases to “sell and sell services” related to NFTs such as “minting, listing, and transferring.”
#blockchain #nonfungible #gamefi #metafi #defi #playtoearn #apple #nft
Technology heavyweight Apple has clarified its App Store rules around nonfungible tokens (NFTs) and cryptocurrency exchanges marking the first time its codified specific rules for NFTs.
The new rules confirm how NFT purchases will be taxed and what they can and can't be used for, while also clarifying rules around when a crypto exchange app can be listed.
The Oct. 24 update to its App Store guidelines saw language added that allows fo in-app purchases of NFTs, but bars any NFTs acquired elsewhere to be used for anything other than viewing.
It also allows applications to use in-app purchases to “sell and sell services” related to NFTs such as “minting, listing, and transferring.”
#blockchain #nonfungible #gamefi #metafi #defi #playtoearn #apple #nft
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