Apple bans cryptocurrency mining from App Store
Apple has moved to ban cryptocurrency mining apps from both the iOS and Mac App Stores.
In what appears to be a major crackdown on potentially harmful apps, the iPhone maker has added new guidelines to block any new apps from carrying out cryptocurrency mining of any kind.
This includes an addition in the Hardware Compatibility section that says, "apps, including any third party advertisements displayed within them, may not run unrelated background processes, such as cryptocurrency mining."
No more mining
Along with this is an entirely new section related to cryptocurrencies, advising app developers on what precise functions or services will be permitted.
Apps are allowed to offer storage of cryptocurrencies, "provided they are offered by developers enrolled as an organization", and can also "facilitate transactions or transmissions of cryptocurrency on an approved exchange" - so long as these transactions are offered by the exchange itself.
Apple adds that any firms offering ICOs or other cryptocurrency transactions must be "established banks, securities firms, futures commission merchants ("FCM"), or other approved financial institutions."
However the rules explicitly state that, "apps may not mine directly for cryptocurrencies" - although this is not the case if the mining takes place away from the actual device - such as in the cloud.
Apps must also not offer cryptocurrency for completing tasks, such as downloading other apps, encouraging other users to download or making posts on social networks.
- Looking to start mining bitcoin? Check out our guide here
Tags: Apple, bans, cryptocurrency, from, mining, store