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So 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?



> 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.


I 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-...


"Approved" in the Apple rules probably means by Apple, not by someone else.





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