BOOM! BREAKING: Apple to allow bitcoin transmitting apps in AppStore

[buzzlight]

This just in: Apple new app dev guidelines
https://developer.apple.com/appstore/resources/approval/guidelines.html

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

[exponential]

So do they consider Bitcoin an approved virtual currency which is in compliance with all state and federal laws?

[the_sunship]

The last 30 minutes of buying suggests that the answer is "yes".

[jamesc760]

Why wouldn't they? Even IRS (US Internal Revenue Service, AKA Tax Collectors) says bitcoin is a taxable asset.

[zimmah]

This just in: Apple new app dev guidelines
https://developer.apple.com/appstore/resources/approval/guidelines.html

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

i don't think bitcoin is approved by whoever apple wants the currencies to be approved by.

This line is very vague.

But whatever floats your boat, vague news about china drove the price down, maybe vague news about apple may drive the price up.

funny how they feel the need to 'federal and state laws' while android never had an issue with so called laws for accepting bitcoin.

Why wouldn't they? Even IRS (US Internal Revenue Service, AKA Tax Collectors) says bitcoin is a taxable asset.

they would tax crap if they could...

in fact they probably already do

[Alley]

The good news just keeps coming.  I just bought another 2 coins.

[farnsworth7]

Fasten your seatbelt, we are going vertical !

[BTCtrader71]

http://www.coindesk.com/apple-policy-update-may-open-door-bitcoin-transactions/

[jamesc760]

Fasten your seatbelt, we are going vertical !

Sorry, not too fast. It's gone down to $660. Hope the mini-crash didn't hurt your butt too hard!

[BTCtrader71]

It Looks Like Apple Just Opened The Door For Bitcoin Apps

http://www.businessinsider.com/bitcoin-apps-in-the-app-store-2014-6

[JimboToronto]

Fasten your seatbelt, we are going vertical !

It won't reach the vertical stage until at least 5 digits.

We're still all early adopters.

[BittBurger]

If IRS says Bitcoin is "okay" then Bitcoin is "an approved virtual currency".

Don't read into it too much.  They left it vague because they're not idiots, and they know there is more than one.

Otherwise they have to rewrite the sentence over and over.

-B-

[Mitchell]

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

I am not so sure yet. Those parts worry me, a lot.

[DolanDuck]

Prepare to leave the station, this huge news can lead btc to a new all time high, 1000$ will be the bottom value in few weeks.

[Alley]

How long till it is in the istore?

[Torque]

If some bitcoiners believe that Apple is willing to actually lose marketshare to Android over this whole bitcoin thing, they are dead wrong.  Even Apple sees the writing on the wall that in just a few short years, bitcoin is going to be e-v-e-r-y-w-h-e-r-e, worldwide.  And the main apps people will use to buy goods and services with btc will be on a smartphone.  

No way they are going to sit on the sidelines and watch this blow up big.

[kireinaha]

I suspect that the same people who claim that the Cyprus bail-in sparked the April 2013 ATH will look back and proclaim that iOS 8 caused the July 2014 ATH.

[Carlton Banks]

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

I am not so sure yet. Those parts worry me, a lot.

They're probably just trying to waive their responsibility for how it gets used, in as broadly interpreted (i.e. vague) a way as is possible. When you really scrutinies the wording, it implies that when you travel to a state/federation that has legislation against "virtual" currencies, the app itself is deemed to be violating Apple's appstore guidelines. Which is pretty laughable.

[Mitchell]

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

I am not so sure yet. Those parts worry me, a lot.

They're probably just trying to waive their responsibility for how it gets used, in as broadly interpreted (i.e. vague) a way as is possible. When you really scrutinies the wording, it implies that when you travel to a state/federation that has legislation against "virtual" currencies, the app itself is deemed to be violating Apple's appstore guidelines. Which is pretty laughable.

Hmmm, that makes sense to be honest. It sounds very Apple-like at least. Well, will see how it goes and what it does to the price

[pinksheep]

Fasten your seatbelt, we are going vertical !

It won't reach the vertical stage until at least 5 digits.

We're still all early adopters.

When it reaches the vertical stage, how much do you think it will rise per day? (on average). When will we hit moves of over $100 per day?