Apple has moved to put a stop to any crypto-mining apps that might be used on its mobile products.
In a recent update, the personal computing company expanded its initial guidelines on cryptocurrencies. Before, the guidelines specified apps facilitating cryptocurrency exchange and/or initial coin offerings (ICOs) must comply with all applicable state and federal laws.
Now, the guidelines specify more than that. In five bullet points, the guidelines run through Apple's policy on wallets, mining, exchanges, ICOs, and rewards that take the form of cryptocurrency.
Most notable among them: the updated policy bars any apps used on an Apple product from mining for cryptocurrencies unless performed "off device". The reasoning behind this change seems to be connected to Apple's policies on hardware compatibility, where it reads:
"Design your app to use power efficiently. Apps should not rapidly drain battery, generate excessive heat, or put unnecessary strain on device resources. Apps, including any third party advertisements displayed within them, may not run unrelated background processes, such as cryptocurrency mining."
However, as previously reported, comparisons of energy consumption as it relates to mining efficiency are evolving in light of expanding capabilities and capacities –thereby raising the concern over the precedent this ban sets for current and future mining activity.
The updates to Apple's official policy on cryptocurrency also come in light of pre-emptive measures taken by the company in prior years to clamp down on app development facilitating cryptocurrency trade.
Back in 2014, Apple pulled an app by Blockchain that was geared towards bitcoin trading and storage on Apple devices. The year prior, another bitcoin wallet app by a cryptocurrency exchange company known as Coinbase was also de-listed. Apps for those startups have since returned to Apple's online store.
iPhone image via Shutterstock.
The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.
Bitcoin MiningApplewallet app
US Government Grants $800K to Blockchain Researchers
The U.S. government will help fund a distributed ledger platform being developed by researchers at the University of California-San Diego.
Subhashini Sivagnanam, a researcher and software architect
Senior BitConnect Promotor Arrested by Indian Authorities
A promoter of the controversial cryptocurrency platform BitConnect was arrested on August 19, according to a local news outlet in India.
Former BitConnect India head Divyesh Darji was arrested at I
Softbank, Baidu Lead $3 Million Funding for Ex-Googler's Crypto Startup
A team led by a former Google staffer is taking aim at the online advertising giant.
Called Atlas Protocol, the startup believes that the data accumulating on blockchains today can be used to bette
Crypto Exchanges Join Winklevoss Backed Self-Regulatory Group
A group of cryptocurrency exchanges has joined up with Gemini founders Cameron and Tyler Winklevoss to launch a new industry-focused self-regulatory organization (SRO).
First proposed in March, the
Bakkt CEO: Crypto Trading Platform Won't Support Margin Trading
Two weeks after the Intercontinental Exchange (ICE) introduced Bakkt, a new digital assets platform, the latter's CEO has set out to explain what the service will offer consumers.
Bakkt chief execu
Blockchain Firm to Raise $24 Billion for Electric Bus Upgrades in China
Blockchain and AI technology company Seven Stars Cloud Group has scored a major deal to help raise $24 billion to fund large-scale electric bus upgrades for China's biggest full-service operator.
SEC Faces Thursday Deadline for ProShares Bitcoin ETF Decision
Less than a month after delaying a decision on a bitcoin-based exchange-traded fund (ETF), the U.S. Securities and Exchange Commission (SEC) is poised to approve or disapprove another pair of proposed
Blockchain Enters 'Trough of Disillusionment' on Gartner's Hype Scale
Interest in blockchain technology is waning, research firm Gartner said in its latest "Hype Cycle for Emerging Technologies" report.
Gartner included blockchain, along with four other emerging tech