Cryptocurrency Mining Apps Using iPhone or iPad Barred By Apple

FinTech, Innovation, News | June 11, 2018 By:

Apple has updated its developer guidelines to ban mining cryptocurrencies. The move continues the company’s reluctance to support the cryptocurrency industry, which may take users away from Apple’s own Apple Pay payments system.

The new rules call for developers to avoid mining apps that drain batteries, generate excess heat, or put unnecessary demands on device resources.

Previously, concerns were raised over privacy issues and bitcoin purchases via Apple handhelds when the latest upgrades were announced.

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

While mining cryptocurrency on an iPhone or iPad is highly unlikely (the system would be so slow as to be virtually unusable), it does put a roadblock up against any future mining activities that require less resources.

The Apple crypto policies were first set in 2014, when its store delisted Coinbase and several other cryptocurrency apps.