Tuesday August 21, 2018
Home Lead Story Apple Bans Cr...

Apple Bans Cryptocurrency Mining on iOS Devices

Apple in March removed "Calendar 2" app from the Mac App Store after it started mining cryptocurrency on devices in exchange for premium features

0
//
23
Apple
Teenager Apple fan hacks into its secure systems.
Republish
Reprint

After Facebook and Google, Apple has now targeted cryptocurrency, banning its mining on iPhones and iPads.

According to a report in The Verge on Tuesday, the iPhone maker Apple has introduced a new section on cryptocurrency in its guidelines on App Store that apply to iOS, macOS, watchOS, and tvOS app.

“Apps, including any third party advertisements displayed within them, may not run unrelated background processes such as cryptocurrency mining,” said the guidelines.

Apps may facilitate virtual currency storage, provided they are offered by developers enrolled as an organisation.

“In addition, apps may not mine directly for cryptocurrencies, unless the mining is performed in the Cloud or otherwise off-device,” it stated.

Apps may “facilitate transactions or transmissions of cryptocurrency on an approved exchange, provided they are offered by the exchange itself”.

Cryptocurrency
Cryptocurrency. Pixabay

Apps facilitating Initial Coin Offerings (ICOs) must come from “established banks, securities firms, futures commission merchants (‘FCM’), or other approved financial institutions”.

Cryptocurrency-related apps “may not offer currency for completing tasks, such as downloading other apps, encouraging other users to download, posting to social networks”, the guidelines stated.

Apple in March removed “Calendar 2” app from the Mac App Store after it started mining cryptocurrency on devices in exchange for premium features.

Also Read: Apple Patent Reveals a Custom Inflatable Blood Pressure Cuff

Facebook and Google have already banned cryptocurrency, token sales and Initial Coin Offerings (ICO) advertisements on their platforms.

Twitter has also started blocking cryptocurrency-related ads on its platform.

“We have added a new policy for Twitter Ads relating to cryptocurrency. Under this new policy, the advertisement of Initial Coin Offerings (ICOs) and token sales will be prohibited globally,” Twitter said. (IANS)

Click here for reuse options!
Copyright 2018 NewsGram

Next Story

Tech Giant Apple Removes ‘Illegal’ Apps from App Store in China

Apple in 2017 announced it would invest nearly $500 million in China to build two new R&D centres in Shanghai and Suzhou

0
Apple
Apple kills '25,000' illegal gambling apps in China. Flickr Commons

Apple has reportedly removed 25,000 gambling apps from its App Store in China that flouted the local Internet policies.

In a statement given to The Wall Street Journal on Monday, the Cupertino-based iPhone maker said “gambling apps are illegal and not allowed on the App Store in China”.

“We have already removed many apps and developers for trying to distribute illegal gambling apps on our App Store, and we are vigilant in our efforts to find these and stop them from being on the App Store,” Apple added.

The company, which recently touched the $1-trillion mark, reacted after China’s state broadcaster CCTV, accused the tech giant of not doing enough to screen out gambling and other illegal apps.

“Apple established its own rules for allowing apps on to its store but did not respect them itself, resulting in a proliferation of fake lottery apps and gambling apps,” the Financial Times reported, quoting a CCTV statement.

Apple
In September 2016, Apple opened its first China R&D centre in Beijing’s Zhongguancun Science Park, often referred to as “China’s Silicon Valley”. Pixabay

Apple last year removed apps for virtual private network (VPN) services in China, used to circumvent Beijing’s censorship tools as well as hundreds of other apps, including Skype.

Amid heightened trade tensions between the US and China, tech giant Apple in July joined hands with its suppliers to launch a $300 million clean energy fund in China.

You May Also Like to Read About Benefits of Drinking Milk in Breakfast- Having Milk Breakfast Helps in Managing The Risk of Diabetes

The “China Clean Energy Fund” will invest in and develop clean-energy projects totalling more than 1 gigawatt of renewable energy in China, the equivalent of powering nearly 1 million homes, Apple said in a statement.

Apple in 2017 announced it would invest nearly $500 million in China to build two new R&D centres in Shanghai and Suzhou.

In September 2016, Apple opened its first China R&D centre in Beijing’s Zhongguancun Science Park, often referred to as “China’s Silicon Valley”. (IANS)