Apple Bans Cryptocurrency Mining Apps on iOS Devices

Apple Bans Cryptocurrency Mining Apps on iOS Devices

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When it blocked Calendar 2 in March, Apple cited section 2.4.2 of its Review Guidelines, noting that a background process to mine currencies in exchange for access to premium features ran afoul of its device resource drain restrictions.

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.

Instead, the iPhone-maker is encouraging developers to embrace its new Safari App Extensions platform which was introduced back in 2010. The section also bans apps and any third-party ads from running "unrelated background processes, such as cryptocurrency mining".

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Apple additionally wants to ensure the seriousness of Initial Coin Offerings, cryptocurrency futures trading, and other crypto-securities or quasi-securities trading. Initial offerings including futures investments, or other securities dealing with cryptocurrencies must be offered by an established bank, securities firm or exchange. That's 52.2 Million news homes for the wealth of App Store apps that are being created, under these new Apple guidelines.

Notably, Apple announced it will be phasing out support for legacy Safari Extensions available for download outside of the company's official Safari Extensions Gallery.

In July 2017, Apple 'approved' Dash as a cryptocurrency. Wallet apps for crypto are fine, as long as the developer is enrolled as an organization.

Apple is also cutting down on third-party apps providing crypto transactions on approved exchanges. 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. The company took this step after hidden cryptocurrency mining has become the most popular cybercrime trend among malware developers this past year. Apps also can not offer cryptocurrencies as a reward for performing certain tasks such as downloading certain apps, or posting messages on social media.

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