Apple (AAPL) Welcomes Bitcoin Back into the App Fray

Apple (Nasdaq: AAPL) is planning to allow apps that use virtual currencies, meaning investors of Bitcoin are probably getting excited right about now.

In an updated version of Apple's approval guidelines, the company states: 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.

Last February, Apple removed Bookchain from its App Store. It was the last app remaining for the transfer of Bitcoin. Other virtual currency apps Apple removed before Bookchain included Coinbase and Gliph.

But, as Apple's new statement says, the transmission of virtual currencies must be in compliance with local laws, which have been hazy in some markets.

Shares of Apple are up 1 percent.

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