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Apple to Allow Bitcoin Apps Back Onto iOS

Ian KarbyIan Kar
June 2, 2014
in Banking, Payments, Risk & Security
Reading Time: 2 mins read
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canstockphoto10836792It looks like Apple is opening the door to Bitcoin.

According to the new iOS App Store guidelines, Apple has lifted its ban on apps that facilitate transactions in bitcoins and other virtual currencies.

Google’s Android platform has long been noted as being more bitcoin-friendly.

On Twitter today, Andreessen Horowitz partner Benedict Evans noted a change in the App Store guidelines listed for developers. The guidelines are here.

The changed text says “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.”

This seems to imply that bitcoin wallets such as Coinbase, Blockchain, and others that were previously removed from Apple’s App Store may be allowed back on to the platform. Bank Innovation has reached out to Apple for comment and will update this article if the company respond.

At the end of last year, Apple caught some heat from Bitcoin enthusiasts when it banned certain apps from the App Store, including Coinbase and Gliph. At the time, Apple noted that apps need to comply with the rules and regulations of their respective locations. But there have not been many laws drafted regarding Bitcoin and virtual currencies then or now.

The move is part of Apple’s apparent opening up of the iOS platform to payments. The company announced today that its Touch ID fingerprint sensor was opening to developers of third-party apps, allowing for authentication of users for logging in and making purchases on iOS devices.

TechCrunch speculates Apple will not begin accepting apps into its App Store until they are explicitly declared “legal” — a high bar to cross.

Tags: Androidapp storeAppleBitcoinBlockchainCoinbasecryptocurrencyGoogleiosRippleStartupsvirtual currency
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