THE HASH: CFTC Chair Addresses Crypto-Related Enforcement; Apple Refuses to Spare NFTs From App Store’s Fee

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4.7 • 698 Ratings

🗓️ 25 October 2022

⏱️ 28 minutes

🔗️ Recording | iTunes | RSS

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Summary

This episode is sponsored by ZenGo. The most valuable crypto stories for Tuesday, Oct. 25, 2022. Commodity Futures Trading Commission (CFTC) Chair Rostin Behnam said he gets “very irritated when folks start to talk about the CFTC as a more favorable regulator,” adding that his agency’s “greatest accomplishment” was its track record of crypto-related enforcement actions. Plus, Apple has rejected calls to exempt NFTs from its 30% “Apple Tax” on in-app purchases. See also: Apple Refuses to Exempt NFTs From App Store’s 30% Fee CFTC Chair Behnam Says ‘Number One Accomplishment’ Is Track Record of Enforcement Actions Chinese Intelligence Officers Used Bitcoin in Scheme to Undermine Investigation, US Officials Allege - This episode has been edited by Nia Freeman.. Our executive producer is Jared Schwartz. Our theme song is “Neon Beach.” ZenGo crypto wallet is an on-chain crypto wallet with no private key vulnerability, leveraging advanced cryptography called MPC. Get started at ZenGo.com/HASH and use code HASH to get $20 back on your first purchase of $200 or more. Terms and conditions apply. See site for details. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Transcript

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0:00.0	This episode is sponsored by Zengo.
0:10.3	This is the hash podcast.
0:12.9	Stay informed with the latest on Bitcoin, ETH, the Metaverse, Web3, and more,
0:17.8	with stories that matter to the crypto world, all on the hash for your ears.
0:23.9	You're listening to the Coin Desk podcast network.
0:30.1	Hey there, it's Zach Seward. It's Taco Tuesday. You're watching CoinDest TV. We are the hash.
0:35.0	We get you up to speed on all that is going in going down in the crypto world.
0:39.9	We got Will. We got Wendy. We got Jen. And I think Jen is going to start us off with some Apple news.
0:45.8	Take it away, Jen. You got it. All right. So Apple has green lit,
0:50.4	offering in-app, NFT, minting, buying, and selling, but the company is refusing to exempt
0:55.7	NFTs from the app stores 30%
0:58.6	fee. So if you don't know,
1:00.3	Apple has an Apple tax on in-app purchases of 30%
1:04.0	and should an app choose to offer an NFT,
1:06.9	they will be taxed accordingly.
1:08.9	Now, on top of this, Apple's Inat Purchase service cannot handle
1:12.2	crypto payments. So even if an app wanted to launch an NFT, they wouldn't be able to accept
1:16.8	crypto. There are a few other roadblocks here for apps that want to maybe offer their audience
1:24.1	and users a different way to getting NFTs to access their services.
1:28.5	But we can get into that later on in the segment.
1:30.9	Will, I'm going to pass this one off to you.
1:33.4	Does this feel like Apple is just saying no to NFTs?
	...

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