Published: Wed, June 13, 2018
Industry | By Johnnie Johnson

Apple Bans Cryptocurrency Mining on iOS

Apple Bans Cryptocurrency Mining on iOS

That's 52.2 Million news homes for the wealth of App Store apps that are being created, under these new Apple guidelines.

Two sections have been updated in the new App Store Review Guidelines -section 2.4.2 (Hardware Compatibility) and 3.1.5 (b) (ii) (Cryptocurrencies). These conditions extend to apps providing cryptocurrency futures trading, and other crypto-securities or quasi-securities trading.

Notably, Apple said that it will not block the mining apps that mine outside of the device, like cloud-based mining.

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Apple has put restrictions on apps that mine cryptocurrencies using device processing power, specifically disallowing such programs in its App Store.

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The new language covers both types of cryptocurrency mining, active and passive, while ensuring Apple users aren't experiencing any performance drain from either. Before, the guidelines specified apps facilitating cryptocurrency exchange and/or initial coin offerings (ICOs) must comply with all applicable state and federal laws. The technology giant reversed its stance soon after, despite pulling moves like removing multi-cryptocurrency wallet Jaxx after its disapproval of Dash in 2016.

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But there's no way to go back and either block or retrieve data previously shared.

Calendar 2 was then pulled from the App Store and relaunched without the mining element. In a dedicated cryptocurrency section, the company goes on to break down in more detail what is - and, crucially, is not - permissible. However, only official digital wallets providers and exchanges will be able to post their apps, potentially cutting out shady third-party software from facilitating cryptocurrency transactions.

And apps won't be allowed to offer cryptocurrency in exchange for letting them complete other tasks such as downloading additional apps or posting on social networks.

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