Apple Policy Update May Open Door for Bitcoin Transactions
Cupertino, California-based computing giant Apple has released an update to its App Store Review Guidelines that potentially opens the doors for a change in its long-restrictive policies against bitcoin and other digital currencies. The release follows Worldwide Developer's Conference (WWDC 2014), an annual meetup of Apple developers that was expected to bring notable announcements for the company's customers and wider business community. The update, made under the document's 'purchasing and currencies' section, reads: "Apps may facilitate transmission of approved virtual currencies....
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Monday's biggest story - with no contest - was news related to Apple, unusually enough. The company took to a stage in San Francisco, California to announce new software products, and what happened next came as a shock to the bitcoin community. Apple amended their App Store Review Guidelines policy with regulation 11.17, which declares the following: 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. One sentence has opened the door to a number of....
Amid the excitement surrounding Apple's Worldwide Developers Conference (WWDC) in San Francisco, there were a few updates made to Apple's App Store Guidelines - some of which concerned the use of 'virtual currencies' in the iOS ecosystem. While it is intriguing that additional information regarding the use of virtual currencies was added, it doesn't necessarily mean acceptance. In fact, it might actually mean more pronounced and detailed rejection. Purchasing and currencies. One new addendum commonly being cited is the rule under "purchasing and currencies", specifically rule 11.17. It....