Web desk (June 12, 2018): Apple has updated the Review Guidelines for the App Store and the company has banned the apps that mine cryptocurrency on its devices across Apple platform.
As per the new guidelines, the company will also restrict the apps that drain the battery, put unwanted strain on devices and generate excessive amount of heat.
In an official post the company said, “Apps, including any third party advertisements displayed within them, may not run unrelated background processes, such as cryptocurrency mining.”The company has listed the complete guidelines on the section of cryptocurrency mentioning:
Apple will allow virtual currency wallet apps, as long as they’re offered by developers who are enrolled as organizations.
The only cryptocurrency mining apps allowed are those that mine outside of the device, like cloud-based mining.
Apps can help users make pay, trade, or receive cryptocurrency on an approved exchange, but the apps must be from the exchanges themselves.Similarly, apps involved in initial coin offerings, bitcoin futures trading, or other cryptocurrency securities trading need to be from the banks, firms, or other approved financial institutions. And they must be lawful.
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.
However, Apple is allowing iPhone users to install apps that function as virtual wallet, but the developers of such apps need to enroll themselves as organizations.As per Apple Insider, Apple’s crypto-related guidelines were originally created in 2014 after the app store unlisted Coinbase and other cryptocurrency apps stating some unresolved issue.
Upcoming smartphones such as HTC Exodus and the Sirin Finney that support Blockchain will also not be able to have power to handle cryptocurrency mining. The smartphones will consist of a cold-storage wallet which will store cryptocurrencies offline.