Apple Changes Guidelines for Cryptocurrency Wallets and More

Apple Changes Guidelines for Cryptocurrency Wallets and More

Apple recently changed their cryptocurrency guidelines within their iOS and MacOS app stores. The company expanded their cryptocurrency guidelines to include several key inclusions that are specific to wallet storage and crypto mining for apps within the Apple store.

In order to prevent iPhones from prematurely draining batteries or computing power, Apple has now forbid all app developers from including third-party advertisements that run cryptocurrency mining software. This news comes after many reports of “crypto jacking” which have been plaguing the crypto sphere lately.

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Cryptojacking refers to a malware attack where malicious attackers hijack a computer or smartphone’s computing power in order to mine cryptocurrency. This tends to be a growing menace as of late.

Other Policy Changes

Apple has also banned any app that mines cryptocurrency altogether, as to not inflate the processing power of iPhone devices or inherently drain the lifespan of their batteries.

Other policy changes include allowing apps to facilitate crypto transactions on an “approved exchange”, provided that the exchange offers the facilitation of cryptocurrency.

Lastly, Apple has mandated that their apps do not offer cryptocurrency as rewards to users for completing certain tasks like downloading other applications or encouraging users to post on social media networks.

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