It makes sense. You can't let people spend money without oversight. The usual reasoning? They might lose it and then not be able to buy Apple products.
Apple’s position here is most likely that they’ve encountered too many scams and they would rather not maintain a whitelist. Which is sad because products like Coinbase Earn are highly curated and all legit.
You find that thread through many of their recent positions, like enforcing their position on frames (Trust Wallet removed its dapp browser on iOS — not on Google Play though), not allowing other payment gateways, not allowing links (like Armstrong mentioned).
It’s absolutely not as saucy as the social media megaphone wants or about “not spending”, in fact Apple would like you to spend and earn very much. Especially so you can buy Apple and even more so if credit cards were to accept all exchanges so it can go through Apple Pay.
It’s just a “security position” they’ve adopted and are enforcing always more. Sadly enough it results in the wrong kind of walled garden. What we often forget in our commentary is that we usually don’t see the dark underbelly of the internet which is riddled with thousands and thousands of scams. For every Coinbase Earn there’s hundreds of scams submitted.
But Apple surely could do better, definitely when it comes to highly curated platforms like Coinbase Earn.
RE: Apple Disables DeFi dApps & Central Banks Having A Fit