Apple Publishes Revised Cryptocurrency, ICO Guidelines for App Store

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Credit The Intercept

Since the App Store is virtually the only place to acquire software for iPhones, iPads, iPod touches, Apple TVs, and Apple Watches, Apple's decision will effectively end crypto mining on those devices.

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

According to the new rules, Apple will no longer allow indie developers to publish any wallet app on the App Store as only developers affiliated with a registered organization are eligible.

Mac and iOS users haven't been targeted as much as web servers and Windows users, who've taken the brunt of most coinmining malware campaigns, but Apple has seen at least one incident in March when a cryptocurrency miner slipped on the Mac App Store inside the Calendar 2 app by Qbix. It comes amid explosive interest in cryptocurrencies like bitcoin, which are "mined" when people use multiple devices to solve complex mathematical problems that lock and unlock information in the blockchain.

Apply didn't immediately respond to request for comment. These conditions extend to apps providing cryptocurrency futures trading, and other crypto-securities or quasi-securities trading.

On Monday June 4, Apple expanded on those crypto-centric guidelines with several key inclusions into specific functionalities like wallet storage and mining for apps on its App Store platform. Spotted by AppleInsider, the new rules say that "apps, including any third part advertisements displayed within them, may not run unrelated background processes, such as cryptocurrency mining".

The guidelines do allow apps that facilitate ICOs, as long as they work with established banks and follow all applicable compliance laws.

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