The tech giant cited transmission of a virtual currency without necessary licenses and permissions as the primary reason for the app’s rejection, according to Zeus’ founder.

cross-posted from: https://exploding-heads.com/post/98697

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.