Apple allows ‘approved’ virtual currencies in Apps

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Inc will let software developers include virtual-currency transactions applications, paving the way for new forms appear on iPhones and iPads.

“Apps may facilitate transmission approved virtual currencies provided that they do so compliance with all state and federal laws for the territories which the app functions,” said an update its App Store guidelines.

did not details on the approved virtual currencies.

Apple spokeswoman Kristin Huguet did not immediately respond an email seeking more information.

Virtual currencies are not backed by any government or central and are bought and sold on a peer-to-peer network independent central control.

Several .. state regulators are looking to toughen rules on the use of the controversial cryptocurrency and have over the last few months warned investors to consider the risks associated with virtual currencies before trading them.

Last week, satellite TV operator Dish Network said it would accept bitcoin payments from from the third quarter, joining such as Inc and Zynga Inc in accepting the digital currency. (Reuters)