Published: Tue, June 12, 2018
Tech | By

Apple Updates App Store Guidelines, Tightens Rules for Crypto-Related Apps

Apple Updates App Store Guidelines, Tightens Rules for Crypto-Related Apps

On macOS, however, users will continue to be able to acquire apps outside of the Mac App Store, enabling mining and other activities to continue without Apple's seal of approval.

In perhaps somewhat related news, Bitcoin (and most other cryptocurrencies) have fallen almost 8% in value over the last day, following the hack of South Korean crypto exchange Coinrail over the weekend.

The ban applies for apps designed explicitly with mining operations in mind. The rules appear to be an attempt to nip any kind of "crypto-jacking", an increasingly common scam that hijacks a small portion of a users' device to mine cryptocurrency without them realizing. Other cryptocurrency-related functions, like managing or trading cryptocoin funds, are still permitted.

Apple has a clear message for cryptocurrency enthusiasts: Don't mine it on our devices. The former says that apps "may not run unrelated background processes, such as cryptocurrency mining".


"Apps facilitating Initial Coin Offerings ("ICOs"), cryptocurrency futures trading, and other crypto-securities or quasi-securities trading must come from established banks, securities firms, futures commission merchants ("FCM"), or other approved financial institutions and must comply with all applicable law", read the unchanged policy first unveiled in December. The technology giant reversed its stance soon after, despite pulling moves like removing multi-cryptocurrency wallet Jaxx after its disapproval of Dash in 2016.

In July 2017, Apple 'approved' Dash as a cryptocurrency.

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. The app even made it to number 3 in the finance category of the App Store before Apple pulled it down. Finally, cryptocurrency apps can't offer currency as a reward for downloading other apps, posting to social networks or encouraging other users to download apps.

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