Apple bans apps that mine cryptocurrency on iOS and macOS

The iPhone maker Apple has introduced a new section – 3.1.5 (b) – on cryptocurrency in its App Store Review Guidelines that apply to iOS, macOS, watchOS, and tvOS app.

“Apps, including any third party advertisements displayed within them, may not run unrelated background processes such as cryptocurrency mining,” said the guidelines.

The company will still allow cryptocurrency wallet apps given that the developers are enrolled as part of the organization. This means that there will be no third-party cryptocurrency wallet apps. The company also added a new rule where only the apps offered by cryptocurrency exchanges would allow Apple users to carry out cryptocurrency-related transmissions and transactions.

All the apps that offer ICOs (Initial Coin Offerings) or any cryptocurrency futures trading and any other securities related to crypto should only “come from established banks, securities firms, futures commission merchants (FCM), or other approved financial institutions”.


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