Apple eases its policy on Bitcoin and other virtual currencies

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Apple has always been reluctant to accept the participation of virtual currencies in the applications it approves. Even if these don’t directly affect Apple in most cases, the legality of virtual currencies like Bitcoin is still one of the biggest international debates. Still, Apple can’t just decide to block an imminent future, and it has decided to change its policies on the matter.

The company has decided to ease on its policy for virtual currencies, but as with everything, there is a catch. The new rule states that:

“Apps may 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.”

Obviously this still leaves a gray area where developers are forced to ensure that they comply with the legal terms of the countries which they plan to serve, which would definitely force them to block the availability of these applications on certain regions. This also means that Apple will keep a close eye on these applications going forward, so while this is is progress in the right direction, it’s not an easy one.

Do you use Bitcoin? Share your thoughts in the comments.

Source: Reuters
Via: iMore

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About The Author
Jaime Rivera
Jaime has been a fan of technology since he got his first computer when he was 12, and has followed the evolution of mobile technology from the PDA to everything we see today. As our Multimedia Manger, he’s been in-charge of growing our YouTube hobby into one of the biggest video channels in the industry. When he’s not building one of our videos, or filming our Pocketnow Daily, he can be found in his second biggest passion, which is running and fitness. Read more about Jaime Rivera!