Cryptocurrency-Mining Banned from App Store; 5 new rules

[Ink]

Content source

https://www.theverge.com/2018/6/11/17449178/apple-app-store-cryptocurrency-mining-ban-ios-macos

Quoted:

"Apple has finally come out with an entire section on cryptocurrency in its guidelines that apply to iOS, macOS, watchOS, and tvOS apps. It sets forth five rules:

1. Apple will allow virtual currency wallet apps, as long as they’re offered by developers who are enrolled as organizations.
2. The only cryptocurrency mining apps allowed are those that mine outside of the device, like cloud-based mining.
3. Apps can help users make pay, trade, or receive cryptocurrency on an approved exchange, but the apps must be from the exchanges themselves.
4. Similarly, apps involved in initial coin offerings, bitcoin futures trading, or other cryptocurrency securities trading need to be from the banks, firms, or other approved financial institutions. And they must be lawful.
5. 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.

The new rules should change the Apple cryptocurrency app landscape quite drastically, given how third-party apps for initial coin offerings or sending and receiving cryptocurrency are essentially banned. It will also be interesting to see how many apps get removed for having secret miners that might have been added through hacks by cybercriminals."

Apple: App Store Review Guidelines - Apple Developer