We got this rejection for our cryptocurrency exchange app:
The issues we previously identified still need your attention. Specifically, we need licensing for these storefronts you provided info in your notes.
Alternatively, you may provide an opinion from your legal counsel confirming your authorization to provide these services in all salable territories, and provide this attachment in your resubmission.
3.1.5 Cryptocurrencies:
(iii) Exchanges: Apps may facilitate transactions or transmissions of cryptocurrency on an approved exchange, provided they are offered only in countries or regions where the app has appropriate licensing and permissions to provide a cryptocurrency exchange.
Our app is only targeting a country (India) that does not require any license in order to operate a cryptocurrency exchange. The App Store review team says we may provide a legal opinion for this, but when speaking with lawyers about this, they say that they've written legal opinions for other clients in the past, but Apple has still insisted on a business license, even after receiving such a letter.
My questions:
Should we provide a legal opinion, which states that India does not require a license in order to provide crypto exchange services?
If we provide this legal opinion, will Apple accept it and approve our app for India?
If not, how are the other crypto exchanges (like Binance, etc.) listed on the App Store in countries that don't require a license?