Apple’s absurd new crypto rules expose how out of touch it has become
Cointelegraph
Published Nov 01, 2022 01:44PM ET
Updated Nov 01, 2022 03:20PM ET
Giant companies like Apple (NASDAQ:AAPL) have made a fortune by centralizing their powers and profits and expanding their product and services network to be a part of people’s lives in as many ways as they can. Until recently, however, Apple had also demonstrated an ability to tunnel-focus its efforts to stay relevant and up to date with what consumers wanted, what mattered to them and what they needed most from the tech giants they rely on. It seems that this is not strictly true anymore, and that is a real shame.
In its updated App Store guidelines unveiled on Oct. 24, Apple announced that crypto exchange applications “may facilitate transactions or transmissions of cryptocurrency on an approved exchange” only “in countries or regions where the app has appropriate licensing and permissions to provide a cryptocurrency exchange.”
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Written By: Cointelegraph
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