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.
So. Much. Tech.
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It isn’t clear whether apps will be permissible in some countries where Bitcoin is legal, but not others where its status is less certain — we’re likely only to find answers as the rule is tested out by developers submitting new apps. So while there is still some uncertainty in its application, there is at least a clearer guideline governing Apple’s actions.
➤ Apple Gets More Explicit About Bitcoin Apps [TechCrunch]
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