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> "of approved virtual currencies" ... which begs the question: Are there approved virtual currencies? I'd also be curious whether litecoin is on that list a
by jpmattia 12y ago
> "of approved virtual currencies"
... which begs the question: Are there approved virtual currencies? I'd also be curious whether litecoin is on that list as well.
- gtirloni 12y agoSo largely the US is out since the Fed said Bitcoin is not a currency, right? Or the term "virtual" makes it not required to be approved by the Fed? Who is the approver then?
- dragonwriter 12y ago"Approved" in the Apple rules probably means by Apple, not by someone else.
- jpmattia 12y ago> So largely the US is out since the Fed said Bitcoin is not a currency, right? I guess I missed that. I remember the IRS said bitcoin would be taxed using non-currency rules, but the specifics of how something is taxed doesn't necessarily impact whether Apple "approves" it as a virtual currency.
- gtirloni 12y agoI wasn't even criticizing Bitcoin and got downvoted already? Aww.. I was talking about this, which amounts to almost the same thing: http://blogs.wsj.com/moneybeat/2014/02/27/yellen-on-bitcoin-fed-doesnt-have-authority-to-regulate-it-in-any-way/ http://blogs.wsj.com/moneybeat/2014/02/27/yellen-on-bitcoin-...
- billyarzt 12y agoPer the IRS Bitcoin is taxable property http://online.wsj.com/articles/lawrence-parks-bitcoins-futile-quest-to-be-a-currency-1401661605 http://online.wsj.com/articles/lawrence-parks-bitcoins-futil...
- hookey 12y agoI'm guessing Apple approves them, because other sections mention approving as well.
- r00fus 12y agoCould be wording that allows Apple to blacklist future virtual currencies as needed (i.e., mmorpg credits).