Tech

Apple Bans Cryptocurrency Mining Apps on iOS Devices

Apple Bans Cryptocurrency Mining Apps on iOS Devices

Now, the guidelines specify more than that.

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.

Note: Apps for trading cryptocurrencies and tracking prices will not be affected by the changes.

"Apps, including any third party advertisements displayed within them, may not run unrelated background processes, such as cryptocurrency mining", the rules now say.

While the idea of mining cryptocurrency on an iPhone is nearly laughable, the message doesn't appear to be targeting apps built for the goal of mining cryptocurrency; those were already banned in a 2014 update. The only exception is for "cloud-based mining", in which the virtual currencies are remotely generated off the Apple product. This is not a move against cryptocurrency apps in general.

"Apps facilitating Initial Coin Offerings ("ICOs"), cryptocurrency futures trading, and other crypto-securities or quasi-securities trading must come from established banks, securities firms, futures commission merchants ("FCM"), or other approved financial institutions and must comply with all applicable law", read the unchanged policy first unveiled in December.

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The new Apple Books app launches this fall, with the Book Store available in 51 countries, and free books available in 155 countries.

Apple's Health Record, which features in the health app, was launched in the USA, in January 2018.

The Book Store tab makes it easy to browse all that Apple Books has to offer, including Top Charts, Staff Picks, Editorial Collections, and Special Offers & Free.

Apps may "facilitate transactions or transmissions of cryptocurrency on an approved exchange, provided they are offered by the exchange itself".

Apple Inc.'s new rules for app developers limit their ability to harvest user contact data, but they also could hurt a key app owned by Facebook Inc. called Onavo Protect.

And apps may not offer cryptocurrency as an incentive for taking specific actions, such as downloading other apps, posting to social media or urging others to download apps.