CJ - Cryptocurrency Enthusiast
Based on the update report from October 24, 2022, Apple made a number of adjustments to the App Store's review policies, shedding light and providing some insights into how applications that sell cryptocurrencies and non fungible tokens (NFTs) can function.
Finally, GameFi developers have information on how the App Store views cryptocurrency.
Apple published the App Store Review Guideline 3.11, which outlines what developers may and cannot do when employing crypto-related goods or services in the store.
Developers may now sell their NFT coins and provide NFT market services like minting, listing, and transferring via in-app purchases. However, the Apple Tax is still imposed on all sales and transactions.
Other buying techniques that link players to different websites or applications are not permitted in video games. The only way to access any in-game premium NFT features is through an in-app payment; it cannot be done while using the NFTs themselves.
Simply put, this implies that Apple is shut out of any major or secondary NFT acquisition competition.
The new rules highlighted licensing keys, augmented reality markers, QR codes, cryptocurrencies, and wallets as examples of methods that are not permitted for applications and games that employ blockchain technology to unlock content or functionality. Any purchase made must be subject to Apple's supervision and tracking, and they must effectively get a commission from it.
However, collectors who wish to display their collections need not worry too much because NFT crypto items may still be shown and seen by other people. This is presuming they don't contain any buttons, external links, or other call-to-actions that may guide users to other purchasing options to in-app purchases.
Assuming that they are only available inside nations and areas in the world where the app has the necessary licensing and authorization to deliver the services, licensed exchanges can still support crypto transmissions, leading to far more straightforward sales of any listed GameFi-related tokens.
Dear valued BC Bitcoin UK Clients,
I hope this email finds you well. We are reaching out to inform you of some significant changes to our services that directly impact our operations within the United Kingdom. Regrettably, due to the recent regulatory developments introduced by the Financial Conduct Authority (FCA) and the implementation of the new Financial Promotions Regime, BC Bitcoin is no longer able to offer our services to clients based in the UK. This very difficult decision is in compliance with the regulatory framework and ensures that we uphold the highest standards of transparency and legality. You can view the FCA publication here: https://www.fca.org.uk/publication/finalised-guidance/fg23-3.pdf As a result, we would like to inform you of the following changes and provide guidance on how to manage your assets with BC Bitcoin:
1. **Service Termination for UK Clients:**
BC Bitcoin will no longer be able to accept new purchase orders from clients residing in the United Kingdom.2. **Continued Operation Outside the UK:**
Despite the changes within the UK, BC Bitcoin will continue to operate outside of the UK as normal. Our services will remain unaffected for clients in other regions.3. **Withdrawal of Assets:**
For our UK clients holding assets with BC Bitcoin, we want to assure you that your assets are secure. You have the option to safely withdraw your assets or exchange them to GBP or EUR and subsequently withdraw. We have streamlined the withdrawal process to ensure convenience for our clients.4. **Conversion of Assets:**
To convert your Holdings to fiat please log in to your BC Bitcoin account and submit a sell order for the amount of coin you hold with us. During the process you will shown how much you will receive and asked the bank details you wish to receive payment to. In addition, you can request the conversion by emailing info@bcbitcoin.com from your registered email address. If you encounter any issues or require assistance, our customer support team is ready to help you throughout the process.5. **Withdrawal Procedure:**
To initiate a withdrawal, please email your request to info@bcbitcoin.com from your registered email address. You may be asked some security questions to verify your identity. If you encounter any issues or require assistance, our customer support team is ready to help you throughout the process. These changes are effective immediately, and we appreciate your understanding and cooperation during this transitional period. We understand that this may be an inconvenience for our UK clients, and we sincerely apologise for any disruption this may cause. Thank you for being a valued part of the BC Bitcoin community. We are committed to providing you with a seamless experience as we navigate through these regulatory changes. If you have any questions or concerns, please do not hesitate to reach out to our customer support team at info@bcbitcoin.com Kind Regards