Sci-tech

Apple bans cryptocurrency mining on iPhones and iPads

Apple bans cryptocurrency mining on iPhones and iPads”

"Apps, including any third party advertisements displayed within them, may not run unrelated background processes, such as cryptocurrency mining", the new guideline reads.

Preventing cryptocurrency mining is crucial on iOS because this untethered mining operations can easily overheat or destroy batteries -or even devices if the battery case deforms, leaks, or catches fire.

In perhaps somewhat related news, Bitcoin (and most other cryptocurrencies) have fallen almost 8% in value over the last day, following the hack of South Korean crypto exchange Coinrail over the weekend.

Because the App Store is the only way for most people to install software on their iPhones, Apple's new rule also suggests that there may not be any purpose-built apps to mine cryptocurrency either - not that any of these apps would really make any money for users. Wallet apps for crypto are fine, as long as the developer is enrolled as an organization.

Apple also has an existing section addressing cryptocurrency apps on its App Store that's been in place since about 2014. However, apps can provide cloud-based mining services. On macOS, however, users will continue to be able to acquire apps outside of the Mac App Store, enabling mining and other activities to continue without Apple's seal of approval.

Apple additionally wants to ensure the seriousness of Initial Coin Offerings, cryptocurrency futures trading, and other crypto-securities or quasi-securities trading.

If you haven't worked it out yet, this news is very good news and will see some brand-new cryptocurrency-based applications go live on the App Store.

Making its position clear " Purchasing and Currencies 11.17 Apps may facilitate transmission of approved virtual currencies provided that they do so in compliance with all state and federal laws for the territories in which the app functions".

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



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