Two US lawmakers have questioned Apple over whether its policies are arbitrarily restricting the integration of blockchain apps, especially those related to NFT tokens, into its digital app store. This and more news in this handy daily summary so that you are always informed with the most recent events that occur within the crypto world.
Two laws question Apple over App Store policies
📍Two US lawmakers have questioned Apple's restrictions on NFTs in the App Store. In a letter In a question addressed to Apple CEO Tim Cook, lawmakers Gus Bilirakis and Jan Schakowsky asked the tech giant about the policies governing the Apple App Store. Specifically, the lawmakers focused on how these company policies could be affecting the United States’ leadership in relation to emerging technologies, such as blockchain and NFT tokens.
U.S. lawmakers stressed the country's need to lead in new technologies to ensure its global dominance against other nations such as China.
In the letter, Bilirakis and Schakowsky questioned whether Apple could be using its market position to secure its own benefit, even at the expense of technological development and innovation in the country. According to the lawmakers, many think that the company could be hiding behind the security and protection of users to “stifle” innovation in blockchain technology.
“Many are concerned that Apple has used the App Store as a weapon against its competitors,” the lawmakers said, while indicating that the company’s restrictive policies could be applied in an arbitrary and exclusionary manner against blockchain and NFT applications.
The lawmakers' letter mentions two particular cases related to the blockchain industry: that of the Coinbase platform and that of the play-to-earn game Axie Infinity. In relation to Coinbase, in December of last year Apple asked the company to remove NFT transactions from its app, claiming that they violated its terms and conditions policy. On the other hand, Axie Infinity has arrived on the Apple App Store last May. While integrating blockchain gaming into Apple’s app store is an important step, the company allowed its entry with certain restrictions that lawmakers say are limiting innovation.
Bilirakis and Schakowsky believe that a more flexible position by Apple towards blockchain and NFT applications could significantly contribute to consolidating the US leadership in these innovations, due to the position and importance that the company enjoys in the market.
Crypto Latin Fest arrives in Bogotá
📍The Colombian capital will host this year's edition of the Cripto Latin Fest. The organizers of Cripto Latin Fest, an event that brings together the crypto and blockchain industry community in Latin America, announced that this year's edition will take place on August 17 and 18 in the city of Bogotá, Colombia.
The Maloka Interactive Center, located in the Ciudad Salitre neighborhood, in the heart of Bogotá, will be the place where the crypto and blockchain community in LATAM will meet to discuss the most relevant topics in the industry today, from decentralized finance to the Metaverse, including NFTs, Artificial Intelligence, cybersecurity, among others.
Cripto Latin Fest is supported by several of the most innovative projects and the most active communities in the crypto world, such as Polkadot, Dash, Celo, Bitcoin Embassy, AsoBlockchain and Talen Republic, among others.
The digital won will be launched in three cities
📍South Korea is set to begin testing its CBDC digital currency, the digital won, in three cities across the country. The cities chosen were Busan, Jeju and Incheon, according to a South Korean media outlet.
South Korea’s central bank began designing the digital won in the first half of 2020. It later announced that it would begin an experimental phase for the digital currency in 2021, in which it would test all processes related to the issuance of this currency, to verify the technology that will support the CBDC, as well as evaluate the use cases and verify its effectiveness and viability.
Now, the central bank is set to begin a new phase of testing in which it will evaluate the platform for issuing and distributing the CBDC digital currency. This is a pilot program that will allow the bank to analyze the performance of the digital won in everyday payments and transactions, as well as its acceptance and use by citizens. This pilot will be conducted with local citizens, private users, merchants and banks in the chosen cities, according to the report. reported the local environment.
South Korea's central bank will also implement a digital wallet to enable and facilitate the use of the digital won. According to the media, with this digital currency, South Korea seeks to revitalize its economy.
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