Apple this week updated its App Store Review Guidelines with a change that signals a loosening of its restrictive policies against bitcoin and other digital currencies. The change now allows apps to “facilitate transmission of approved virtual currencies provided that they do so in compliance with all state and federal laws for the territories in which the app functions.” It is quite a reversal for Apple, which angered the bitcoin community by ridding its App Store of apps that processed the currency.
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Apple Sinks Its Teeth Into Bitcoin
Posted by: Erika Morphy June 5, 2014 09:57 AMApple this week updated its App Store Review Guidelines with a change that signals a loosening of its restrictive policies against bitcoin and other digital currencies. The change now allows apps to “facilitate transmission of approved virtual currencies provided that they do so in compliance with all state and federal laws for the territories in which the app functions.” It is quite a reversal for Apple, which angered the bitcoin community by ridding its App Store of apps that processed the currency.