this post was submitted on 14 Jun 2023
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Apple Rejects Bitcoin Wallet Zeus a Day After Threatening to Delist Damus (www.coindesk.com)
submitted 1 year ago by [email protected] to c/[email protected]
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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.

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