Apple bans cryptocurrency mining on iPhones and iPads

Apple bans cryptocurrency mining on iPhones and iPads

"Apps, including any third party advertisements displayed within them, may not run unrelated background processes, such as cryptocurrency mining", the new guideline reads.

Well, it's official, all you crypto enthusiasts out there: Apple's App Store Review Guidelines have been updated to reflect new policies regarding cryptocurrency in apps.

Apple has updated the Review Guidelines for the App Store and the company has banned the apps that mine cryptocurrency on its devices across Apple platform.

Apple in March removed "Calendar 2" app from the Mac App Store after it started mining cryptocurrency on devices in exchange for premium features. It also insisted that apps involved in Initial Coin Offerings, cryptocurrency futures trading and the like had to come from established banks, securities firms, futures commissions merchants or other approved financial institutions. This hints that the decision to ban mining apps from the App Store could have been taken to preserve battery performance. As AppleInsider notes, the Review Guidelines were previously less concerned with cryptocurrencies, allowing an app to facilitate crypto and ICO transactions if it complied with the laws in the app's distributed territories.

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Speaking to CCN at the time, Jaxx CEO Anthony Di Iorio revealed Apple had stuck to approving a select six cryptocurrencies, namely: Bitcoin, Ethereum, Dogecoin, Litecoin, Ripple and the then DAO token. Apps can help users make pay, trade, or receive cryptocurrency on an approved exchange, but the apps must be from the exchanges themselves.

Six months after crypto exchange Coinbase's app became the number one trending app on the App Store, Apple has now apps to provide wallet services under a caveat. Cryptocurrency apps can't offer users virtual coin for tasks like downloading other apps, getting other users to download the app, or boosting social media activity.

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