Apple eases its policy on Bitcoin and other virtual currencies
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.
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