Apple Bans Apps That Mine Cryptocurrencies

Joanna Estrada
June 12, 2018

Since the App Store is virtually the only place to acquire software for iPhones, iPads, iPod touches, Apple TVs, and Apple Watches, Apple's decision will effectively end crypto mining on those devices. In the most recent update, that section's language precludes apps from hiding mining (or other) features within background tasks. Bitcoin is now sitting at around $6,750, while the global crypto market lost an estimated $42 billion in value as a result of the hack.

That's actually what happened in the case of an app called Calendar 2, according to Apple Insider.

It's a new rule included in the latest version of Apple's App Store policies, released last week as part of the company's annual developer conference. Crypto wallets are also now officially legal, settling a gray area that has existed for months. However, apps can provide cloud-based mining services.

"Apps, including any third-party advertisements displayed within them, may not run unrelated background processes, such as cryptocurrency mining", Apple said under the hardware compatibility section of its App Store policy. Any apps that facilitate ICOs, futures trading or other securities must be provided by established banks, securities firms and futures commission merchants (FCMs). The app even made it to number 3 in the finance category of the App Store before Apple pulled it down.

Similarly, Apple is also allowing apps to facilitate crypto transactions "on an approved exchange, provided they are offered by the exchange itself". Other cryptocurrency-related functions, like managing or trading cryptocoin funds, are still permitted.

Four years ago, Apple removed every single bitcoin wallet application on its App Store, including popular wallet app Blockchain.

Cryptocurrency apps may not offer currency for completing tasks, such as downloading other apps, encouraging other users to download, posting to social networks, etc.

Other reports by Click Lancashire

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