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Apple Bans Cryptocurrency Mining on iPhone and iPad

Apple has introduced new section in the App Store Review Guidelines against cryptocurrency mining.

Apple Bans Cryptocurrency Mining

It does seem like 2018 is not a good year for cryptocurrencies in general. After Facebook, Google and Twitter shuns crypto ads, Apple has followed suit – sort of.

The Cupertino-based company just introduced a new section on cryptocurrency on its Apple Store Review Guidelines. The section – 3.1.5(b) – details guidelines that are to be applied to iOS, macOS, watchOS, and tvOS app. So basically everything that’s Apple.

These new policies come at a time where scams related to cryptocurrency has become very widespread.

“Apps, including any third party advertisements displayed within them, may not run unrelated background processes such as cryptocurrency mining,” the guideline states.

“In addition, apps may not mine directly for cryptocurrencies, unless the mining is performed in the Cloud or otherwise off-device,” it stated.

Apps are allowed to facilitate virtual currency storage as long as they are offered by developers enrolled as an organisation. They are also allowed to facilitate “transactions or transmissions of cryptocurrency on an approved exchange”. However, these services must be offered by the exchange itself.

The new section also touched on Initial Coin Offerings (ICOs). According to the guideline, ICOs must come from “established banks, securities firms, futures commission merchants (‘FCM’), or other approved financial institutions”.

Lastly, crypto-related apps are not allowed to offer currency for completing tasks. This includes tasks like downloading other apps or posting to social networks.

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Original Article Link: Apple Bans Cryptocurrency Mining on iPhone and iPad



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