Apple bans cryptocurrency mining on the iPhone and iPad

13 June, 2018, 02:59 | Author: Lynette Payne
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Apple has revealed its revised guidelines in a dedicated section for iOS and MacOS apps centered on the cryptocurrency space.

However, mining for cryptocurrency is only acceptable if "performed off-device", such as in the case of cloud-based mining.

In addition, Apple has expanded its prohibition on unnecessarily expending resources, draining the battery or generating heat with a specific callout to cryptocurrency mining.

The updated guidelines, posted last week, are found in the Hardware Compatibility and Cryptocurrencies sections of the document.

Apple had pulled crypto-related apps from the App Store like Coinbase, citing an unresolved issue, though the apps later returned in 2017, following which for a time, Coinbase became the most downloaded app in the App Store. "Apps, including any third party advertisements displayed within them, may not run unrelated background processes, such as cryptocurrency mining".

Further adding to the pressure on cryptocurrencies, Bitcoin's price declined on Monday following the hacking of South Korean cryptocurrency exchange Coinrail.

Cristiano Jr scores assisted by Ronaldo
Neither match featured Cristiano Ronaldo , who may actually see the field for the first time since winning the Champions League with Real Madrid in this one.

The move allows US iPhone users to share their health record data with third-party apps from autumn.

In terms of what Apple will allow, cryptocurrency wallet apps are still allowed, "provided they are offered by developers enrolled as an organization".

Apple has put restrictions on apps that mine cryptocurrencies using device processing power, specifically disallowing such programs in its App Store. News about Apple's changes to the App Store aren't likely to play particularly well.

But it's perusing the whole situation with a careful eye, noting that Initial Coin Offerings and other investments in digital money will need to come from established banks and securities firms, and approved financial institutions.

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.

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