Bitcoin Makes a Come Back to Apple App Store
- By Ginger Hill
- Jun 16, 2014
Apple’s approach to virtual currencies and bitcoin-trading apps has been conservative, to say the least, as they had, up until now, not allowed them in their App Store. However, maybe it was in honor of Father’s Day or maybe it’s because the demand is high, whatever the reason, Apple has lifted their restriction on bitcoin-trading apps. Coin Pocket appeared in the App Store yesterday, shortly after Apple stated its new rule for virtual-currency apps: They must comply with state and federal laws in all areas where they operate. (Seems reasonable.)
Even the US government has weighed in on bitcoin-type apps, indicating that virtual currencies are generally unregulated for individual users, so allowing these apps on iOS devices shouldn’t create any major legal concerns for Apple.
So, as bitcoin-type apps continue to flood into the Apple App Store and are “generally unregulated,” my thoughts turn to security and how safe virtual currencies actually are.
Ginger Hill is Group Social Media Manager.