Apple doesn't want you mining bitcoin on your iPhone

Apple bans cryptocurrency mining

Apple already saw some of the apps available through its store mine cryptocurrency on users' devices in exchange for some premium features.

In terms of what Apple will allow, cryptocurrency wallet apps are still allowed, "provided they are offered by developers enrolled as an organization". Under the mandated rules.

During its recent Worldwide Developer Conference, Apple quietly slipped some language into the App Store review guidelines that prevent anyone from using iPhones and iPads to mine cryptocurrency.

"Apps may not mine for cryptocurrencies unless the processing is performed off device (e.g. cloud-based mining)", Apple notes.

Apple has a clear message for cryptocurrency enthusiasts: Don't mine it on our devices.

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For those interested in cryptocurrencies, don't expect to do any mining via apps installed on the iPhone.

In sticking with the original mandate, only mainstream banks and similar financial institutions will be allowed to develop and publish apps enabling crypto futures trading and initial coin offerings, Apple said.

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. The technology giant reversed its stance soon after, despite pulling moves like removing multi-cryptocurrency wallet Jaxx after its disapproval of Dash in 2016. The company took this step after hidden cryptocurrency mining has become the most popular cybercrime trend among malware developers this past year. 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.

The guidelines do allow apps that facilitate ICOs, as long as they work with established banks and follow all applicable compliance laws. It also rules that, "Cryptocurrency apps may not offer currency for completing tasks, such as downloading other apps, encouraging other users to download, posting to social networks, etc".

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