Apple May Welcome Bitcoin Transaction Apps. Or Not.Apple has officially addressed 'virtual currency' in its App Store guidelines, but it's still too early to cry victory for Bitcoin.

ByKim Lachance Shandrow

Opinions expressed by Entrepreneur contributors are their own.

Apple might not be allergic to Bitcoin apps in its App Store after all. At least it seems that way.

The truth is, we don't really know yet. Just because Apple officially updated itsApp Store Review Guidelinesfor developers yesterday with a one-sentence clause addressing virtual currencies doesn't mean the Cupertino, Calif., tech titan is ready to accept Bitcoin transaction apps once again. The update marks the first time Apple has ever addressed cryptocurrencies.

The new verbiage simply reads, "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."

Related:Was Apple's Beats Acquisition Smart or Desperate?

什么法律?没有正式的书,neither at the state nor federal level. And not one country has deemed Bitcoin illegal. Yet.

Apple infamously killed off all Bitcoin transaction apps from its app marketplace last year, booting virtual wallet apps from biggies like Blockchain.info and Coinbase, along with several similar Bitcoin apps from smaller startups and individuals.

After Apple gave Blockchain.info's wallet app the boot,Nicolas Cary, the company's CEO, speculated that perhaps Apple purged all Bitcoin transaction apps as part of a play to grab its own piece of the fast-growing, increasingly lucrativemobile payments pie.

Related:How Bitcoin Is Fueling a New Payments Race

Now, after reviewing Apple's new, vague virtual currency clarification, Cary is guardedly hopeful. He's not crying victory for Bitcoin just yet.

"Apple hasn't exactly embraced bitcoin with their latest policy statement," he told Entrepreneur.com today. "We're cautiously optimistic. Until some [Bitcoin] apps start to get approved again, we're still in a holding pattern. We're hopeful that Apple quickly starts to approve apps because we would love to invest and build better experiences for iOS. We'll keep our fingers crossed!"

Related:Why Bitcoin is Like 'Email for Money'

Wavy Line
Kim Lachance Shandrow

Former West Coast Editor

Kim Lachance Shandrow is the former West Coast editor at Entrepreneur.com. Previously, she was a commerce columnist atLos Angeles CityBeat,a news producer at MSNBC and KNBC in Los Angeles and a frequent contributor to theLos Angeles Times. She has also written forGovernment Technologymagazine,LA Yogamagazine, theLowell Sunnewspaper, HealthCentral.com, PsychCentral.com and the former U.S. Surgeon General, Dr. C. Everett Coop. Follow her on Twitter at@Lashandrow. You can also follow her on Facebookhere.

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