Apple Rejects Bitcoin Wallet Zeus a Day After Threatening to Delist Damus
Apple Rejects Bitcoin Wallet Zeus a Day After Threatening to Delist Damus
The tech giant cited transmission of a virtual currency without necessary licenses and permissions as the primary reason for the app’s rejection, according to Zeus’ founder.
Zeus is apparently in violation of Apple’s guidelines which require apps to provide proof of appropriate licenses – such as money transmitter licenses – in order to facilitate the “transmission” of cryptocurrencies.
Many legal experts agree that non-custodial wallets like Zeus that don’t take custody of funds or private keys should not be classified as money transmitters, a classification typically reserved for custodial wallets like those offered by Coinbase and Binance that do assume custody of customer funds.
