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Apple releases cryptocurrency guidelines for apps on its iOS, macOS operating systems

Apple’s slapped the brakes on cryptocurrency where its iOS and macOS operating systems are concerned.

Following the assorted kerfuffle that’s been associated with cryptocurrency of late, a set of recently published rules released during Apple’s Worldwide Developers Conference has added new language to its App Store review guidelines related to cryptocurrency. Under the Hardware Compatibility section, Apple now states that “apps, including any third party advertisements displayed within them, may not run unrelated background processes, such as cryptocurrency mining.”

The policy reads as follows:

Apps may facilitate virtual currency storage, provided they are offered by developers enrolled as an organization.” In addition, apps may not mine directly for cryptocurrencies, unless the mining is performed in the cloud or otherwise off-device. Apps may “facilitate transactions or transmissions of cryptocurrency on an approved exchange, provided they are offered by the exchange itself,” although apps facilitating Initial Coin Offerings (“ICOs”) must originate from “established banks, securities firms, futures commission merchants (“FCM”), or other approved financial institutions.” And finally, cryptocurrency-related apps “may not offer currency for completing tasks, such as downloading other apps, encouraging other users to download, posting to social networks.

A late May check via the Internet Archive’s Wayback Machine, the only mentions of cryptocurrencies in the guidelines were that apps were allowed to facilitate such transactions “provided that they do so in compliance with all state and federal laws for the territories in which the app functions,” while the ICO language was nearly identical as well.

As of 2013 and 2014, Apple delisted Coinbase and other crypto-related apps from the App Store, citing an unnamed “unresolved issue”. This, in turn, led to an original set of developer guidelines. Coinbase would return to the App Store and become the number one app for a period of time in 2017.

An app called Calendar 2 was found to be using customer computers to mine the cryptocurrency Monero, in exchange for the user receiving free access to premium features. But a bug caused the miner to run indefinitely. The app was pulled but reinstated days later.

Earlier this year, a scammer stole more than $75,000 in Bitcoin from Apple cofounder Steve Wozniak.

Stay tuned for additional details.

Via AppleInsider and developer.apple.com