New Apple rules double down on 30% NFT 'tax' and geo-limits exchanges

Cointelegraph

Published Oct 24, 2022 10:06PM ET

Updated Oct 24, 2022 11:40PM ET

Technology heavyweight Apple (NASDAQ:AAPL) 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.

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