Why won’t Apple allow Bitcoin apps on the App Store?

cuetip

Apple has removed all of the Bitcoin wallet apps from its App Store, and I don’t understand why. There is nothing illegal about Bitcoins, although much of the press about Bitcoins has been about people using them to do illegal things. Why won’t Apple allow Bitcoin apps to stay on the App Store?

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blackdog
Vote Up (8)

 I’m not sure why Apple is pulling them off, and they haven’t given any reason. They have also removed a couple of other wallet apps that weren’t Bitcoin. I strongly suspect that they are developing their own wallet app/system and don’t want any competition, but that’s speculation on my part.

jimlynch
Vote Up (6)

Why does Apple continue killing bitcoin apps?
http://blog.sfgate.com/techchron/2014/02/06/apple-bitcoin/

"But there are two main theories here: the first is that Cupertino wants to eliminate nascent competition for its own payment platform. Apple executives have recently had discussions with outside companies over payments for physical goods and services on its devices, according Wall Street Journal sources. The company has filed for a patent for something resembling iMoney.

The other theory is that Apple doesn’t want to deal with a technology with such a murky legal and regulatory future. When it eliminated Coinbase Apple said it needed to “comply with all legal requirements in any location where they are made available to users,” an echo of its App Store review guidelines."

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