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Apple bans cryptocurrency mining on iOS devices

2018-06-13 14:29 by
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Apple has decided to ban on any crypto-mining app that might be used on its mobile products. The recently released guidelines outline Apple's policy on various cryptocurrency related apps.

"Design your app to use power efficiently. Apps should not rapidly drain battery, generate excessive heat, or put unnecessary strain on device resources. Apps, including any third-party advertisements displayed within them, may not run unrelated background processes such as cryptocurrency mining".

Apple's new policy is apparently motivated in part by concerns that cryptocurrency mining could drain the batteries of mobile devices. The updates also come in light of earlier measures taken by the company to clamp down on app development promoting cryptocurrency trade. 

Apple says that wallet apps for storing your Bitcoins and other virtual money are fine. However, the developer offering these apps must be enrolled in the Apple developer program as an organization rather than an individual. You can also access online crypto exchanges in apps. Initial coin offerings (ICOs) are somewhat more locked down. Apps offering to facilitate ICOs can only do so with the backing of established banks, securities firms, or other financial institutions.

Read more -here-


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