Coinbase CEO says App Store policies stifle innovation in cryptocurrency

Brian Armstrong, CEO of digital currency exchange Coinbase, on Friday made an argument that Apple’s App Store regulations stifle innovation in the cryptocurrency space.

App StoreDetailed in a Twitter thread, Armstrong’s assessment of current App Store policy targets Apple’s numerous and specific restrictions on digital currency handling.As it pertains to Coinbase, which markets an iOS app, the rules disallow the company from earning money using cryptocurrency and accessing decentralized finance apps. The latter limitation is of particular interest to the wider cryptocurrency segment, according to Armstrong.

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