Apple has officially revised the App Store's cryptocurrency guidelines

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

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

It also gathers information about users' devices, their location, apps installed on the gadgets and how people use those apps, what websites they visit, and the amount of data used, Facebook wrote in answers to Congressional questions that the social network operator posted online Monday.

The new language covers both types of cryptocurrency mining, active and passive, while ensuring Apple users aren't experiencing any performance drain from either.

As VentureBeat notes, this will effectively put an end to all cryptocurrency mining on iPhone, iPad, iPod Touch, Apple TV, and Apple Watch because the App Store is the sole source of software applications for those devices.

"Apps may not mine for cryptocurrencies unless the processing is performed off device", the guidelines now state.

The iPhone isn't a great cryptocurrency miner, especially compared to special mining machines, but that doesn't mean that a surreptitious app couldn't mine tokens like Monero in the background. These conditions extend to apps providing cryptocurrency futures trading, and other crypto-securities or quasi-securities trading.

The move allows US iPhone users to share their health record data with third-party apps from autumn.

Six months after crypto exchange Coinbase's app became the number one trending app on the App Store, Apple has now apps to provide wallet services under a caveat.

According to the new rules, Apple will no longer allow indie developers to publish any wallet app on the App Store as only developers affiliated with a registered organization are eligible. It also insisted that apps involved in Initial Coin Offerings, cryptocurrency futures trading and the like had to come from established banks, securities firms, futures commissions merchants or other approved financial institutions.

Apple previously declared that apps transmitting approved cryptocurrencies had to do so in compliance with applicable laws.

The company has listed the complete guidelines on the section of cryptocurrency.

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