Bitcoin app allowed back by Apple after policy reversal

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This has opened up the opportunity for iPhone users to be able to send and receive the virtual currency.

Apple has now made the decision to allow the Bitcoin app back into its store so that iPhone users will be able to join Android smartphone owners in being able to send and receive this virtual currency through the use of their devices.

Until this change was made, the ability to make the transactions was limited to Android devices.

While the Google Play store has long been permitting mobile application developers to create smartphone Bitcoin app wallets so that device users can make exchanges of that alternative currency, Apple has blocked it from its own App store. That has meant that if iPhone users wanted to take their Bitcoins with them wherever they went, they were simply out of luck.

This blockage of the Bitcoin app created a considerable uproar that looked as though it was being ignored.

Bitcoin appClearly, this was not the case. The objections did not fall on deaf ears, and Apple has now reversed its policy to block the currency and is now allowing mobile wallet apps that allow it to be transmitted, provided that they comply with the law. Apple has long appeared to be working against cryptocurrencies as it has blocked the applications of several different forms, beyond Bitcoin. Altcoin also found its wallets stopped.

It is clear that Apple was not necessarily against the cryptocurrency, as it still allowed a range of applications that had to do with them, such as price tickers and news feeds. However, the company’s policies stated that the wallets would not be allowed if they facilitated the sending and receiving of those digital funds. It has been assumed that they were attempting to avoid stepping into the field of government monetary regulations.

Now, the regulatory guidelines have been changed at Apple, so that they now include a provision regarding developers seeking to create a Bitcoin app that will allow its users to send or receive this form of digital payment (most commonly in the form of a wallet). The revised guidelines are located in section 11.17.

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