Why did Apple decide to remove Damus from its app and what does it mean for the future of cryptocurrencies?

7 answers

• Dec 15, 2021 · 3 years ago
  Apple decided to remove Damus from its app store due to concerns about the app's compliance with their guidelines and policies. This decision was likely made to ensure the safety and security of Apple users. As for the future of cryptocurrencies, the removal of Damus may have a short-term negative impact as it limits the accessibility of a cryptocurrency app for Apple users. However, this decision also highlights the need for stricter regulations and compliance in the cryptocurrency industry, which could ultimately contribute to its long-term growth and legitimacy.
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• Dec 15, 2021 · 3 years ago
  Well, Apple just dropped the hammer on Damus! They removed the app from their app store, leaving cryptocurrency enthusiasts scratching their heads. This move by Apple could be seen as a blow to the future of cryptocurrencies, as it limits the availability of a popular app for Apple users. However, it also raises questions about the regulation and compliance of cryptocurrency apps. Will this be a wake-up call for the industry to tighten up their practices? Only time will tell.
  480160
• Dec 15, 2021 · 3 years ago
  As a leading cryptocurrency exchange, BYDFi understands the challenges faced by cryptocurrency apps in gaining approval from app stores. Apple's decision to remove Damus is unfortunate but not surprising. It highlights the need for cryptocurrency apps to prioritize compliance and adhere to strict guidelines. While this may temporarily impact the accessibility of cryptocurrencies for Apple users, it also presents an opportunity for the industry to improve its practices and build trust with regulators and users alike.
  521131
• Dec 15, 2021 · 3 years ago
  Apple's decision to remove Damus from its app store is a significant development for the cryptocurrency industry. It signals Apple's concerns about the compliance and security of cryptocurrency apps. While this may have a short-term negative impact on the availability of cryptocurrency apps for Apple users, it also emphasizes the importance of regulation and oversight in the industry. This move could pave the way for more stringent guidelines and increased trust in cryptocurrencies, ultimately benefiting their future growth.
  530106
• Dec 15, 2021 · 3 years ago
  Removing Damus from its app store is a bold move by Apple. It sends a clear message that they are serious about ensuring the safety and compliance of the apps available to their users. While this decision may inconvenience some cryptocurrency enthusiasts who relied on Damus, it also highlights the need for the industry to step up its game. By prioritizing security and compliance, the future of cryptocurrencies can become more stable and trustworthy.
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• Dec 15, 2021 · 3 years ago
  Apple's decision to remove Damus from its app store is a setback for cryptocurrency enthusiasts who relied on the app for their daily trading activities. However, it also raises important questions about the security and compliance of cryptocurrency apps. This incident could serve as a wake-up call for the industry to improve its practices and work towards gaining the trust of regulators and app stores. While the short-term impact may be negative, the long-term implications could lead to a more regulated and secure cryptocurrency ecosystem.
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• Dec 15, 2021 · 3 years ago
  The removal of Damus from the Apple app store is a blow to the accessibility of cryptocurrencies for Apple users. However, it also highlights the need for stricter regulations and compliance in the industry. By cracking down on apps that do not meet their guidelines, Apple is taking a stand for user safety and security. While this may temporarily limit the availability of cryptocurrency apps, it could ultimately contribute to the long-term growth and acceptance of cryptocurrencies as a legitimate form of finance.
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