Apple Bans Cryptocurrency Mining on iOS

Isaac Cain
June 12, 2018

In March 2018, 9to5Macreported that Apple pulled a calendar app from its App Store for violating the efficient power guidelines.

Apple's concerns about cryptocurrency mining stem from power efficiency.

It also comes as Wells Fargo joins Bank of America, Citigroup and JPMorgan Chase in banning the use of company-issued credit cards for buying cryptocurrency.

"Apps, including any third party advertisements displayed within them, may not run unrelated background processes such as cryptocurrency mining", said the guidelines. This step was taken by the firm considering the degradation of device performance and battery life due to mining as in the performance section of the guidelines Apple noted: "Apps should not rapidly drain battery, generate excessive heat, or put unnecessary strain on device resources. Under this new policy, the advertisement of Initial Coin Offerings (ICOs) and token sales will be prohibited globally", Twitter said.

How do you feel about the changes to the App Store Review Guidelines? The technology giant reversed its stance soon after, despite pulling moves like removing multi-cryptocurrency wallet Jaxx after its disapproval of Dash in 2016.

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Apple is cracking down on cryptocurrency activity on its devices. Apps can help users make pay, trade, or receive cryptocurrency on an approved exchange, but the apps must be from the exchanges themselves.

In July 2017, Apple 'approved' Dash as a cryptocurrency. Apple's new iOS guidelines, specifically listed under section 3.15 called cryptocurrencies, ban apps from mining for Bitcoins and other virtual currencies unless it is done off-device (via the cloud). Exchanges are fine, too, as long as they are the ones offering transactions or transmissions of currency.

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

And apps may not offer cryptocurrency as an incentive for taking specific actions, such as downloading other apps, posting to social media or urging others to download apps.

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