Electronics

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

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

That's 52.2 Million news homes for the wealth of App Store apps that are being created, under these new Apple guidelines.

Apple showcased a range of new software titles like iOS 12 and macOS 10.14 Mojave during its brief WWDC 2018 keynote speech last week, then, in the days thereafter, the company went on to spend a wealth of hands-on time engaging with iOS, macOS and other developers, familiarizing them with all the new features and capabilities coming later this year to Apple products.

Apple has put restrictions on apps that mine cryptocurrencies using device processing power, specifically disallowing such programs in its App Store. The move comes at a time when 'cryptojacking', a malware attack wherein malicious attackers scrumptiously hijack a computer or a phone's computing power to mine cryptocurrencies, is a growing menace. "Apps, including any third party advertisements displayed within them, may not run unrelated background processes, such as cryptocurrency mining". No apps may mine crypto, unless they process that mining off the device, like in cloud-based mining.

For those interested in cryptocurrencies, don't expect to do any mining via apps installed on the iPhone. Any apps that facilitate ICOs, futures trading or other securities must be provided by established banks, securities firms and futures commission merchants (FCMs). These conditions extend to apps providing cryptocurrency futures trading, and other crypto-securities or quasi-securities trading.

Facts About Missing Air Force Officer Arrested In California
He faces a maximum sentence of five years confinement, forfeiture of all pay and dishonourable discharge for his desertion. It is unknown whether family had been in contact with Hughes or knew of his whereabouts following his 1983 disappearance.

ICOs must comply with "all applicable laws", Apple said.

Apple has previously blocked apps for supporting cryptocurrencies it disapproves of. 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. Apps also can not offer cryptocurrencies as a reward for performing certain tasks such as downloading certain apps, or posting messages on social media.

Similarly, Apple is also allowing apps to facilitate crypto transactions "on an approved exchange, provided they are offered by the exchange itself".


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