Apple Prohibits App-Based Cryptocurrency Mining

Apple Updates App Store Guidelines, Tightens Rules for Crypto-Related Apps

The move may seem a little moot to some as the processing grunt needed to crunch the calculations created to generate or "mine" cryptocurrencies like Bitcoin are beyond the power levels of even the iPhone X's A11 Bionic chip. There is plenty of competition to solve these equations and section 2.4 of the iOS guidelines require that apps from third party developers need to "use power efficiently", and not "rapidly drain battery, generate excessive heat, or put unnecessary strain on device resources". But the new App Store Review Guidelines prohibit developers from making databases with information taken from iPhone owners' contacts, and restrict them from sharing such a database with third parties, or selling it.

The updated guidelines, posted last week, are found in the Hardware Compatibility and Cryptocurrencies sections of the document.

In March 2018, 9to5Macreported that Apple pulled a calendar app from its App Store for violating the efficient power guidelines. These conditions extend to apps providing cryptocurrency futures trading, and other crypto-securities or quasi-securities trading.

China's ZTE to pay $1 billion fine to end United States sanctions
The president expressed a desire to get the Chinese firm " back into business " and today that is a step closer to happening. The agreement calls for a 10-year suspended ban that can be activated if ZTE commits new trade violations.

After Facebook and Google, Apple has now targeted cryptocurrency, banning its mining on iPhones and iPads.

The move allows US iPhone users to share their health record data with third-party apps from autumn. In fact, the guidelines allow the development and listing of apps which facilitate virtual currency storage, transactions, transmissions, and Initial Coin Offerings (ICOs) - as long as they abide by the applicable laws. While this particular adjustment may not seem to be a developer-friendly move at first glance because of its restrictive nature, it will actually be a boon for devs who create apps that offer cryptocurrency transactions. News about Apple's changes to the App Store aren't likely to play particularly well.

And apps won't be allowed to offer cryptocurrency in exchange for letting them complete other tasks such as downloading additional apps or posting on social networks.

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