Apple Bans Cryptocurrency Mining on iOS

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To keep its hardware, think iPhones, from draining battery or computing power, Apple has now forbid app developers from including any 3 party advertisements that run cryptocurrency mining.

Apple showcased a range of new software titles like iOS 12 and macOS 10.14 Mojave during its brief WWDC 2018 keynote speech last week, then, in the days thereafter, the company went on to spend a wealth of hands-on time engaging with iOS, macOS and other developers, familiarizing them with all the new features and capabilities coming later this year to Apple products. News about Apple's changes to the App Store aren't likely to play particularly well. The former says that apps "may not run unrelated background processes, such as cryptocurrency mining".

This isn't the first time that the iPhone maker has taken action against mining apps.

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Apps may not mine for cryptocurrencies unless the processing is performed off device (e.g. cloud-based mining). These conditions extend to apps providing cryptocurrency futures trading, and other crypto-securities or quasi-securities trading. Initial offerings including futures investments, or other securities dealing with cryptocurrencies must be offered by an established bank, securities firm or exchange.

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.

Six months after crypto exchange Coinbase's app became the number one trending app on the App Store, Apple has now apps to provide wallet services under a caveat.

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According to the new rules, Apple will no longer allow indie developers to publish any wallet app on the App Store as only developers affiliated with a registered organization are eligible.

Apple further disallowed cryptocurrency apps that reward users for completing tasks such as downloading other apps or coaxing other users to do the same or to make social media posts.

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