Sci-tech

Apple Publishes Revised Cryptocurrency, ICO Guidelines for App Store

Apple Publishes Revised Cryptocurrency, ICO Guidelines for App Store

After Google, Facebook, and Twitter, now it's time for Apple to join its Silicon Valley counterparts in restricting the crypto industry. Earlier in the year, Apple removed Calendar 2 from the Mac App Store because the app would offer mining cryptocurrency on devices in exchange for premium features.

The Cupertino-based firm has updated its rules for publishing apps on the App Store and has specially mentioned cryptocurrency-related apps.

The promising thing here is that Apple seem very open to the idea of new apps being produced which will integrate the use of cryptocurrencies.

Revised wording in the App Store review guidelines notes that Apple is banning apps which "run unrelated background processes, such as cryptocurrency mining".

"These extensions are distributed through native Mac applications, and Apple says they are much more secure and lightweight", 9to5mac explains of Safari App Extensions, adding that "They don't see any web browsing details, and because they run through the native Mac app, they put much less of a strain on memory and CPU performance".

Trump pummels G-7 democratic allies
As a result, at the G-8, minus Russia's meeting in Canada last weekend, the headlines read, "The world against the United States". President Donald Trump a "sobering" and "depressing" experience but said European leaders won't be "taken advantage of" on trade.

The ban applies for apps designed explicitly with mining operations in mind.

Apple is also cutting down on third-party apps providing crypto transactions on approved exchanges.

Six months after crypto exchange Coinbase's app became the number one trending app on the App Store, Apple has now apps to provide wallet services under a caveat.

It's a new rule included in the latest version of Apple's App Store policies, released last week as part of the company's annual developer conference.

Apple additionally wants to ensure the seriousness of Initial Coin Offerings, cryptocurrency futures trading, and other crypto-securities or quasi-securities trading. The guidelines noted: "Cryptocurrency apps may not offer currency for completing tasks, such as downloading other apps, encouraging other users to download, posting to social networks, etc".


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