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Apple will allow European users to buy NFT and cryptocurrencies in third-party app stores to comply with new EU monopoly laws

Apple will allow European users to buy NFT and cryptocurrencies in third-party app stores to comply with new EU monopoly laws

2022/12/14

According to reports, to comply with the new EU monopoly law, technology giant Apple will allow its European users to purchase NFT and cryptocurrencies in third-party app stores. Previously, Apple had strict regulations on NFT applications. Users must purchase in Apple’s own App Store, must pay Apple’s 30% commission, and cannot pay with cryptocurrencies. Apple's latest move to open up its ecosystem can be seen as a response to the EU's Digital Marketplaces Act, which seeks to regulate so-called "gatekeepers" and ensure platforms act fairly, allowing "third parties to interact with gatekeepers." own services to interoperate”.

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