Late last year, a series of app removals hit bitcoin wallets, causing folks in the industry to panic over Apple’s stance on the “virtual currency.” When that happened, I wrote a piece about exactly how Apple felt about bitcoin, as the company wasn’t talking publicly.
In the piece, I stated the following:
Bitcoin is not illegal, but it is also not legally recognized by governments as a currency. This gray area is what is leading Apple to reject Bitcoin-transaction apps.
Apple is simply taking the safest, most protective path by disallowing transaction functionality in App Store apps — for now.
As to how Apple might handle Bitcoin transactions in apps in the future, look to how it handles gambling apps, also covered in the App Store rules. For states or countries that allow gambling — like Nevada or the UK — Apple allows apps to use geo-fencing to restrict…
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