Cryptocurrency Mining on iPhone, iPad Banned by Apple

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

Though the letter predominantly focused on allowing free trials for all apps in the App Store, it also requested that Apple make more "developer-friendly changes" to its Review Guidelines. It also gathers information about users' devices, their location, apps installed on the gadgets and how people use those apps, what websites they visit, and the amount of data used, Facebook wrote in answers to Congressional questions that the social network operator posted online Monday.

Apple stated that "apps, including any third party advertisements displayed within them, may not run unrelated background processes, such as cryptocurrency mining".

The revised guidelines introduced subpoint (ii), which instructs that "Apps may not mine for cryptocurrencies unless the processing is performed off device (e.g. cloud-based mining)".

Apple has taken steps to protect its products from malicious mining practices by adding new rules to its developer guidelines so that they now explicitly prohibit malware mining in the background of Mac and iOS Apps as reported by Mashable.

The move allows USA iPhone users to share their health record data with third-party apps from autumn. Initial offerings including futures investments, or other securities dealing with cryptocurrencies must be offered by an established bank, securities firm or exchange.

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.

In July 2017, Apple 'approved' Dash as a cryptocurrency. Exchanges can offer fully-featured apps offering trading abilities, as long as the apps are issued by the exchanges themselves and not third parties.

The company has listed the complete guidelines on the section of cryptocurrency.

Apps related to cryptocurrencies, such as Bitcoin wallets and the accessing of exchanges will still be allowed on iPads and iPhones, so Apple isn't turning its back on the surging interest in cryptocurrencies.

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