Why Is Apple So Sour About Bitcoin?

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Source: Apple.com

There are a handful of companies you don’t want to mess with, and one of them is Apple (NASDAQ:AAPL). The tech giant has serious clout these days, and its support or endorsement could mean the world for struggling startups and new technology. Unfortunately for many, though, Apple doesn’t exactly give out its approval liberally, and in fact, it has no problem handing out the opposite. Developers behind Bitcoin, the digital currency, learned that lesson the hard way recently as they faced several rejections from Apple, and questioned why the Cupertino, California-based company seemed to have it out for them.

Coinbase, the venture-backed startup that offers a Bitcoin buying and trading platform for consumers, had its iOS app pulled from the App Store by Apple in November, less than a month after it first appeared. Now, TechCrunch reports that peer-to-peer messaging and payments app Gliph has also been removed. So, what gives? No one is completely sure of the exact Apple reasoning behind its reluctance to support the digital currency, but Gliph’s Rob Banagale published a blog post Monday trying to help uncover why.

According to Tech Crunch, Banagale explains that Apple was able to pull Gliph and Coinbase apps without much of an explanation because it could simply cite section 22.1 of its App Store review guidelines. The rule states that “apps must comply with all legal requirements in any location where they are made available to users. It is the developer’s obligation to understand and conform to all local laws.” Thus, Apple can hide behind the assertion that though Bitcoin is not illegal, it is not legally recognized by governments as currency, so the tech giant does not have to host Bitcoin-transaction apps in its App Store.

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