Apple bans cryptocurrency mining from its app stores

Apple Updates App Store Guidelines, Tightens Rules for Crypto-Related Apps

Apple has a clear message for cryptocurrency enthusiasts: Don't mine it on our devices.

The ban applies for apps designed explicitly with mining operations in mind. Under the mandated rules. The move comes at a time when 'cryptojacking', a malware attack wherein malicious attackers scrumptiously hijack a computer or a phone's computing power to mine cryptocurrencies, is a growing menace. According to Apple, "Apps, including any third party advertisements displayed within them, may not run unrelated background processes, such as cryptocurrency mining". In the most recent update, that section's language precludes apps from hiding mining (or other) features within background tasks.

Apple has updated its review guidelines to specifically prohibit iOS and Mac apps uploaded on the company's official App Store from utilizing users' devices for cryptocurrency mining operations. Other cryptocurrency-related functions, like managing or trading cryptocoin funds, are still permitted.

If you haven't worked it out yet, this news is very good news and will see some brand-new cryptocurrency-based applications go live on the App Store. The technology giant reversed its stance soon after, despite pulling moves like removing multi-cryptocurrency wallet Jaxx after its disapproval of Dash in 2016.

Six months after crypto exchange Coinbase's app became the number one trending app on the App Store, Apple has now apps to provide wallet services under a caveat.

The upshot of the new rules is that while Apple will permit cryptocurrencies to exist on its platforms, it's adding requirements to stop scammers and individuals from exploiting App Store customers, while making explicit that it's blocking developers from eating Apple device processing power for mining activities.

The guidelines do allow apps that facilitate ICOs, as long as they work with established banks and follow all applicable compliance laws.

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