Hi-Tech

Apple Bans Cryptocurrency Mining On All Devices

Apple Bans Cryptocurrency Mining On All Devices

That's 52.2 Million news homes for the wealth of App Store apps that are being created, under these new Apple guidelines.

Apple is cracking down on cryptocurrency activity on its devices.

The guidelines reference cryptocurrency mining in two places, in a section about power efficiency (2.4.2) and a separate Cryptocurrencies section (3.1.5).

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. 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. 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".

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.

"Apps may not mine for cryptocurrencies unless the processing is performed off device", the guidelines now state.




Addressing the rising frauds with the unregulated initial coin offering-based (ICO) fundraising technique, Apple is now only allowing apps from established banks, securities firms, futures commission merchants ("FCM"), or other approved financial institutions.

Notably, Apple announced it will be phasing out support for legacy Safari Extensions available for download outside of the company's official Safari Extensions Gallery.

This is the first time Apple has offered a clear stance on its policy on cryptocurrency apps.

"We'll continue to accept submissions to the Gallery until the end of 2018", said Shloka Kini, an Apple Developer Publications team member.

Finally, the world's most valuable company has also mandated that apps do not offer cryptocurrency as rewards to users for completing tasks.


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