Apple: No currency mining for you in our App Store thank you

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

The move may seem a little moot to some as the processing grunt needed to crunch the calculations created to generate or "mine" cryptocurrencies like Bitcoin are beyond the power levels of even the iPhone X's A11 Bionic chip. However, apps can provide cloud-based mining services. As per the new guidelines, the company will also restrict the apps that drain battery, put unwanted strain on devices and generate excessive amount of heat.

During its recent Worldwide Developer Conference, Apple quietly slipped some language into the App Store review guidelines that prevent anyone from using iPhones and iPads to mine cryptocurrency.

As bitcoin prices peaked near $20,000 in December 2017, Apple unveiled a new section of guidelines specific to cryptocurrencies and ICOs on December 20.

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Note: Apps for trading cryptocurrencies and tracking prices will not be affected by the changes.

The move allows US iPhone users to share their health record data with third-party apps from autumn. Spotted by AppleInsider, the new rules say that "apps, including any third part advertisements displayed within them, may not run unrelated background processes, such as cryptocurrency mining".

Calendar 2 was then pulled from the App Store and relaunched without the mining element. Initial offerings including futures investments, or other securities dealing with cryptocurrencies must be offered by an established bank, securities firm or exchange.

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Moreover, Apple is also barring apps from crypto mining activity done within the device.

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

The company has listed the complete guidelines on the section of cryptocurrency. Cryptocurrency apps can't offer users virtual coin for tasks like downloading other apps, getting other users to download the app, or boosting social media activity.

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