Apple bans cryptocurrency mining apps

The technological giant Apple has expanded its guidelines to include in the App Store new specific measures for cryptocurrency applications.

Section 3.1.5 (b) Cryptocurrencies, includes the following measures for the review of the various types of apps in this sector:

• Wallets: The apps can facilitate the storage of cryptocurrencies, provided they are offered by registered developers as an organization.
• Mining: The apps can’t mine cryptocurrencies unless the processing is done outside the device, for example, mining based on the cloud.
• Exchange houses: The apps can facilitate transactions or negotiation of cryptocurrencies in approved exchanges, provided  that the same exchange is the one that offers and develops the app.
• Initial Currency Offers (ICOs): The apps provided by the ICOs, futures trading and other cryptocurrency transactions must be developed or sponsored by banks or authorized securities firms that comply with the laws in force.
• Cryptocurrency apps can’t offer cash rewards for downloads, publish on social networks or perform any task.

These measures point to “a greater protection of users”, since they will only have apps developed by professionals linked to the companies in question.

In addition, in section 2.4, called Hardware Compatibility (2.4.2), the cryptocurrency mining and any process in the background that reduces the battery life of the device and the performance of the CPU is expressly prohibited. Also, third-party ads were prohibited from running processes that reduce the capabilities of the mobile or tablet.

N. Moncada

Source: CoinCrispy

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