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Here's why Apple is banning cryptocurrency mining on iPhones and iPads

Iphone

Despite its continued popularity, cryptocurrency continues to have a rough 2018, with multiple websites and platforms banning ads and apps that secretly use your device to mine for a variety of cryptocurrencies.

Apple quietly updated its App Store review guidelines, banning apps from running "unrelated background processes, such as cryptocurrency mining."

"Apps may facilitate virtual currency storage, provided they are offered by developers enrolled as an organization. In addition, apps may not mine directly for cryptocurrencies, unless the mining is performed in the cloud or otherwise off-device," the new rules say, adding that any apps offering initial coin offerings (ICOs) must "originate from established banks, securities firms, futures commission merchants, or other approved financial institutions."

Developers are still allowed to create apps that run cryptocurrency trades but they cannot "offer currency for completing tasks, such as downloading other apps,...(continued)

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