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06-03-2014, 05:46 PM #1
Revised App Store Guidelines Allow "Approved" Virtual Currencies such as Bitcoins
Apple has recently updated its App Store review guidelines to allow for “approved” virtual currencies in apps, paving the way for new types of currencies to be traded and maintained on iOS devices according to Reuters. The following was mentioned regarding the matter:
11.17 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.
It was reported that Apple had told a number of developers that Bitcoin-related apps contained content “that is not legal in all the locations in which the app is available,” and were non-compliant with Apple’s policies. However, with Apple’s new App Store guidelines on the matter, it’s now possible that apps such as Gliph could indefinitely allow for virtual currencies to be traded. Although it’s ultimately up to Apple as to what is allowed in its apps, the company’s new policy marks a completely new position on of virtual currencies.
Source: Apple via Reuters
06-04-2014, 10:06 AM #2
Ahh..virtual currency, our monetary future. Not sure if I like this idea or not.