Apple follows in Google's footsteps, bans cryptocurrency mining on iPhones, iPads

Joshua Bennett
June 13, 2018

The company's guidelines related to cryptocurrency were originally released in 2014, following the app store's decision to unlist Coinbase and other digital currency apps because of what it termed an "unresolved issue". These conditions extend to apps providing cryptocurrency futures trading, and other crypto-securities or quasi-securities trading.

Do you think Apple's ban on direct cryptocurrency mining apps is justified? Earlier in the year, Apple removed Calendar 2 from the Mac App Store because the app would offer mining cryptocurrency on devices in exchange for premium features. This could give Apple grounds to remove the Onavo app, although the software is still available despite the rules kicking in last week. Before, the guidelines specified apps facilitating cryptocurrency exchange and/or initial coin offerings (ICOs) must comply with all applicable state and federal laws.

Moreover, Apple will no longer allow reward-based crypto marketing with App Store listed apps.

Speaking to CCN at the time, Jaxx CEO Anthony Di Iorio revealed Apple had stuck to approving a select six cryptocurrencies, namely: Bitcoin, Ethereum, Dogecoin, Litecoin, Ripple and the then DAO token.

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

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.

In a policy section dedicated to cryptocurrencies - such as Bitcoin (BTC), Ethereum (ETH), and Monero (XMR), Apple says that apps may facilitate wallet storage and transactions on approved exchanges. In a dedicated cryptocurrency section, the company goes on to break down in more detail what is - and, crucially, is not - permissible. Cryptocurrency apps can't offer users virtual coin for tasks like downloading other apps, getting other users to download the app, or boosting social media activity.

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