Apple bans cryptocurrency mining on iPhones and iPads

Cryptocurrency mining banned by Apple for iPhones iPads 13986

Cryptocurrency mining banned by Apple for iPhones iPads 13986

After Google, Facebook, and Twitter, now it's time for Apple to join its Silicon Valley counterparts in restricting the crypto industry.

Titled Cryptocurrencies, new section 3.1.5 (b) provides five clear rules for what will and won't be allowed in macOS, iOS, tvOS, and watchOS apps going forward. News about Apple's changes to the App Store aren't likely to play particularly well.

The tech giants of the world (and probably the entire galaxy), Apple, have recently updated the rules and regulations for developers who wish to develop applications which will be available for download on the Apple App Store. Exchanges are fine, too, as long as they are the ones offering transactions or transmissions of currency.

Moreover, Apple is also barring apps from crypto mining activity done within the device.

Amazon expands Whole Foods discounts to Prime members in North Carolina
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Alisson, on his future
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Former NBA star Dennis Rodman arrives for Trump-Kim summit
Its outcome could prove pivotal in determining whether the two nations pursue a lasting peace or a fresh military conflict. North Korea maintains an atrocious human rights record that is inextricably linked to its weapons proliferation.

Apple has also outlawed apps from mining cryptocurrencies on the device altogether.

The iPhone isn't a great cryptocurrency miner, especially compared to special mining machines, but that doesn't mean that a surreptitious app couldn't mine tokens like Monero in the background. Spotted by AppleInsider, the new rules say that "apps, including any third part advertisements displayed within them, may not run unrelated background processes, such as cryptocurrency mining".

"Apps facilitating Initial Coin Offerings ("ICOs"), cryptocurrency futures trading, and other crypto-securities or quasi-securities trading must come from established banks, securities firms, futures commission merchants ("FCM"), or other approved financial institutions and must comply with all applicable law", read the unchanged policy first unveiled in December. Other cryptocurrency-related functions, like managing or trading cryptocoin funds, are still permitted. 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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