Apple bans cryptocurrency mining on iPhones and iPads

No more fraud mining apps at the AppStore

No more fraud mining apps at the AppStore

That's 52.2 Million news homes for the wealth of App Store apps that are being created, under these new Apple guidelines.

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The guidelines reference cryptocurrency mining in two places, in a section about power efficiency (2.4.2) and a separate Cryptocurrencies section (3.1.5).

However, with the latest addition in the App Store guidelines (via AppleInsider), Apple has gone official with its iOS-wide ban on cryptocurrency mining apps. The move comes at a time when 'cryptojacking', a malware attack wherein malicious attackers scrumptiously hijack a computer or a phone's computing power to mine cryptocurrencies, is a growing menace. The section also bans apps and any third-party ads from running "unrelated background processes, such as cryptocurrency mining".

Moreover, Apple is also barring apps from crypto mining activity done within the device.

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

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

ICOs must comply with "all applicable laws", Apple said.

In July 2017, Apple 'approved' Dash as a cryptocurrency.

In addition, Apple is giving its full support to cryptocurrency wallet apps, as long as they are "offered by developers enrolled as an organization".

Six months after crypto exchange Coinbase's app became the number one trending app on the App Store, Apple has now apps to provide wallet services under a caveat. In a dedicated cryptocurrency section, the company goes on to break down in more detail what is - and, crucially, is not - permissible.

Apple further disallowed cryptocurrency apps that reward users for completing tasks such as downloading other apps or coaxing other users to do the same or to make social media posts.

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