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.
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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]
Thumbnail image via Glen Cooper / Flickr