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Apple Updates App Store Review Guidelines to Allow For ‘Approved’ Virtual Currencies in Apps

Apple Updates App Store Review Guidelines to Allow For ‘Approved’ Virtual Currencies in Apps

Reuters reports that Apple has clarified its stance on virtual currencies in apps by updating its App Store review guidelines to allow for “approved” virtual currencies in apps, possibly clearing the way for certain currencies to be traded and used in other ways in apps for iOS devices.

bitcoin-logo

The updated guideline:

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.

Apple has previously removed or refused to approve apps that promote or use virtual currencies. Last year, Apple required the developers of Gliph, a private messaging app, to remove the app’s ability to send Bitcoins, or face removal from the App Store.

It was also reported that Apple told developers of Bitcoin-related apps that their app’s content was “not legal in all the locations in which the app is available,” and thus were non-compliant with Apple’s policies. 

Apple’s new App Store guidelines on the matter may now make it possible for apps to allow for virtual currencies, such as Bitcoin.

(Via MacRumors)

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