Apple bans cryptocurrency mining from its app stores

Apple bans cryptocurrency miners from iPhones and iPads

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Apple also has an existing section addressing cryptocurrency apps on its App Store that's been in place since about 2014.

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. For instance, apps facilitating any exchange or transfer of cryptocurrencies like bitcoin were mandated to abide in compliance with all federal and relevant state laws of its offering. This hints that the decision to ban mining apps from the App Store could have been taken to preserve battery performance. 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.

The iPhone isn't a great cryptocurrency miner, especially compared to special mining machines, but that doesn't mean that a surreptitious app couldn't mine tokens like Monero in the background.

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Moreover, Apple is also barring apps from crypto mining activity done within the device. These conditions extend to apps providing cryptocurrency futures trading, and other crypto-securities or quasi-securities trading.

"We'll continue to accept submissions to the Gallery until the end of 2018", said Shloka Kini, an Apple Developer Publications team member. The technology giant reversed its stance soon after, despite pulling moves like removing multi-cryptocurrency wallet Jaxx after its disapproval of Dash in 2016.

In July 2017, Apple 'approved' Dash as a cryptocurrency. The app even made it to number 3 in the finance category of the App Store before Apple pulled it down.

In addition, Apple is giving its full support to cryptocurrency wallet apps, as long as they are "offered by developers enrolled as an organization". Exchanges are fine, too, as long as they are the ones offering transactions or transmissions of currency. In a dedicated cryptocurrency section, the company goes on to break down in more detail what is - and, crucially, is not - permissible. 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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