|By Kramer Phillips | 2 years ago|
Apple released a statement this week, adding new language to it’s app store review guidelines in relation to cryptocurrency. Per Apple Insider, under the the Hardware Compatibility section, Apple now states that “apps, including any third party advertisements displayed with them, may not run unrelated background processes, such as cryptocurrency mining”.
Apple can still facilitate virtual currency storage, provided they “are offered by developers enrolled as an organization.” Apple may also “facilitate transactions or transmissions of cryptocurrency on an approved exchange, provided they are offered by the exchange itself.” It remains to be see what exactly this might mean in practice. Cryptocurrencies have been a somewhat murky market since it’s inception, and experts’ opinions on them vary wildly. For now, Apple seems to have taken it’s stance.
As recently as a week ago, per the Internet Archive’s Wayback Machine, the only mentions of cryptocurrencies in the guidelines were that apps were allowed to facilitated such transactions “provided they do so in compliance with all state and federal laws for the territories in which the app functions.”
In 2013 and 2014, apple removed CoinBase and other related apps, citing an “unresolved issue”, although the apps later returned; CoinBase even became the #1 app available in the app store.