The technology giant Apple is about to issue clear guidelines regarding the entry or purchase of non-fungible tokens (NFT) and other content on crypto trading applications.
Although users are allowed to make in-app NFT purchases, Apple limits the NFT that can be acquired.
It was also clarified that Apple will prevent the application from opening any of its functions through mechanisms such as QR codes, cryptocurrencies and crypto wallets.
The company also created a framework by taxing NFT sales as well as integrating NFT purchases in the app using a standard 30% commission rate on each purchase.
The streak, Apple received great criticism following the 30% commission that will be charged if it wants to carry out the sale of NFTs on well-known platforms such as Opensea or Magic Eden.
The following taxes are also said to be very expensive with the average commission for NFT purchases being 2.5%.
Due to the resistance, Magic Eden has reduced its functionality and removed the service from the App Store, but users are only allowed to view their own NFTs.
While crypto exchange applications such as Coinbase and Binance have charged an Apple tax of 30% in order to facilitate the transaction or delivery of cryptocurrency on approved exchangers.
However, those benefits can only be provided to applications in a country or region that has licensing and permission to provide crypto exchangers.
