Published: Tue, June 12, 2018
Industry | By Terrell Bush

Apple’s App Store officially bans cryptocurrency mining

Apple’s App Store officially bans cryptocurrency mining

Apple has updated its review guidelines to specifically prohibit iOS and Mac apps uploaded on the company's official App Store from utilizing users' devices for cryptocurrency mining operations.

As bitcoin prices peaked near $20,000 in December 2017, Apple unveiled a new section of guidelines specific to cryptocurrencies and ICOs on December 20. Exchanges can offer fully-featured apps offering trading abilities, as long as the apps are issued by the exchanges themselves and not third parties. AppleInsider first spotted the changes to the policy on Monday.

Well, a key part of the new guidelines discusses cryptocurrencies and how cryptocurrencies and blockchain technologies can be integrated into new app development for the Apple App Store.

To keep its hardware, think iPhones, from draining battery or computing power, Apple has now forbid app developers from including any 3 party advertisements that run cryptocurrency mining.

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Apply didn't immediately respond to request for comment. On macOS, however, users will continue to be able to acquire apps outside of the Mac App Store, enabling mining and other activities to continue without Apple's seal of approval.

"Apps, including any third-party advertisements displayed within them, may not run unrelated background processes, such as cryptocurrency mining", the updated policy reads. These conditions extend to apps providing cryptocurrency futures trading, and other crypto-securities or quasi-securities trading.

The guidelines do allow apps that facilitate ICOs, as long as they work with established banks and follow all applicable compliance laws.

If you haven't worked it out yet, this news is very good news and will see some brand-new cryptocurrency-based applications go live on the App Store. Finally, cryptocurrency apps can't offer currency as a reward for downloading other apps, posting to social networks or encouraging other users to download apps.

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