<a href="https://www.cryptoknowmics.com/news/coinbase-names-four-new-executives-to-manage-europe-division">Coinbase</a> (COIN), a cryptocurrency exchange, has <a href="https://twitter.com/CoinbaseWallet/status/1598354819735031809" target="_blank" rel="nofollow noopener">banned</a> non-fungible token (NFT) transfers on its iOS wallet app. The halt occurs due to a disagreement with <a href="https://www.cryptoknowmics.com/news/apple-cryptocurrency-scam-dupes-thousands-of-users">Apple</a> (AAPL) over Apple's App Store purchase guidelines.

https://twitter.com/CoinbaseWallet/status/1598354819735031809
<h2>Coinbase Ban of NFT Transfers On Apple’s App Store</h2>
On Thursday, Coinbase claimed on Twitter that Apple requires it to pay its gas costs via Apple software, which would expose the payments to Apple's 30% application tax. It is impossible, according to Coinbase, for anyone to comprehend how <a href="https://www.cryptoknowmics.com/news/binances-first-ever-global-ad-campaign-highlights-ronaldo-nfts">NFTs</a> and <a href="https://www.cryptoknowmics.com/news/carbon-offsetting-for-blockchains-beyond-regen-network-launches-carbon-marketplace">blockchains</a> operate. Even with the best efforts, the exchange couldn't conform since Apple's exclusive In-App Purchase mechanism doesn't support <a href="https://www.cryptoknowmics.com/news/tradfi-giant-tp-icap-acquires-a-uk-cryptocurrency-license">cryptocurrency</a>.

The argument is the most recent development in a protracted debate between Apple and the NFT community. Markets like <a href="https://www.cryptoknowmics.com/news/opensea-announces-its-official-launch-on-bnbchain">OpenSea</a> have been prevented from providing NFT trading within their mobile applications due to Apple's official refusal to waive its 30% App Store charge for NFT trading back in October.
<h2>Coinbase 30% In-App Charge Structure</h2>
In reaction to the judgment, Coinbase Chief Legal Officer Paul Grewal tweeted that when someone establishes standards that cannot be obeyed, you should question why.

https://twitter.com/iampaulgrewal/status/1598362684684394497

<a href="https://www.cryptoknowmics.com/news/cz-binance-shared-reasons-for-twitter-investment-and-support-for-musk">Elon Musk</a>, the newly appointed owner of Twitter, has criticized Coinbase's 30% in-app charge structure and said that Apple has attempted to ban Twitter from its application store. These events coincide with the conflict between Coinbase and Apple.

Coinbase Bans Mobile NFT Transfers Citing Apple's App Store Rules

Coinbase has stopped NFT transfers on its iOS wallet app due to a disagreement with Apple (AAPL) over Apple's App Store purchase guidelines.

Gungun is an enthusiastic writer that likes to create content for various aspects of the blockchain and crypto industry. She carries out extensive research and provides readers with informative and high-quality material.

Coinbase Bans Mobile NFT Transfers Citing Apple's App Store Rules

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