The new App Store rules discourage and not prohibit the use of digital currency applications, but also let us see Apple’s emphasis on the digital currency industry.
A few days ago, Apple’s App Store released new developer rules, which discouraged or prohibited the use of digital currency and gaming applications, and listed several restrictions to regulate such applications.
The new rules indicate that digital currency applications should have exchanges, wallets, and encryption technologies that are actually available. Stores do not restrict their development, but sharing and promotion functions in some applications may not work properly.
Apple’s new rules proposed mainly for the following types of encryption currency APP: Money wallet encryption, encryption currency exchange and APP associated with mining and encryption monetary tokens fund-raising.
Specifically, although Apple has not completely banned the cryptocurrency APP online app store, they do set clear rules for the operation of such apps.
Its new policy also prevents fraud, and some apps sneak cryptocurrency mining in the back of the user’s device. According to its new rules, the cryptocurrency wallet APP is capable of virtual currency storage, provided its developer is affiliated with an organization (ie not an independent developer).
In addition, the mining APP cannot perform cryptocurrency mining unless the process is carried out outside the facility (eg cloud mining).
As for the cryptocurrency exchange APP, it is necessary to conduct cryptocurrency transactions and transfers through authorized exchanges. APPs related to token financing, cryptocurrency futures trading, and other cryptocurrency securities or securities transactions must be provided by formal banks, securities firms, futures brokers, or other approved financial institutions, and must comply with all current laws.
In addition, Apple specifically pointed out that the cryptocurrency app is prohibited to encourage tokens by encouraging users to complete tasks, such as downloading other apps, encouraging other users to download and spread on social networks.
Apple released the developer’s new rules as a matter of fact. Just in July of this year, CCTV and Xinhua News Agency criticized Apple’s existence of poor app review and system vulnerability.
Although Apple’s App Store has a strict auditing system, there are still a large number of bad applications that use audit trails.
On July 31st, CCTV News Channel featured a special report titled “Apple’s Official App Store Management Vulnerability”, which was divided into five parts and was comprehensively synthesized from online lottery, vest, and illegal App. Report.
On the same day, Xinhua News Agency published an article called “Yellow, gambling, medicine and dare to send!” Apple, how do you not even have such a thing? The article directly criticized Apple’s dereliction of duty in the review, ignoring the iMessage vulnerability caused users to be bombarded with spam information including casinos, pornography, loans and so on.
Subsequently, the Apple App Store released a series of rectification measures, including a total of about 24,000 gaming applications, including 15,000 chess, quiz, lottery games, and thousands of gaming platform apps.
App Store officially said that the removal is to reduce the App Store fraud, and to comply with government departments’ requirements for illegal online gambling activities.
In addition, the App Store released new developer rules on the early morning of the 9th, covering security, presentation, business content, design, and law. The new rules for digital currency applications are included.
From Apple’s new policy, we have seen its emphasis on the digital currency industry. Although these rules have not had a major impact on the existing cryptocurrency APP, it provides a good direction for the healthy development of the digital currency industry.
[su_quote]This article is writing on 12 Aug 2018 based on information available online & news portal. If you feel it’s outdated or incorrect, please write here to update it. Mail us: [email protected] Or Whatsapp Us- +13098896258[/su_quote]
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