Crypto mining apps banned in App Store

Posted 11 June, 2018

Apple has released a new ruling for publication and use of cryptocurrency apps in its App Store. The company has revised requirements for wallets, exchanges, ICO and mining software.

As the company stated in its official statement, the new rules cover a ban on the placement of the application for crypto mining on the company's devices, though cloud mining remains permitted. 

"Apps may facilitate virtual currency storage, provided they are offered by developers enrolled as an organization...In terms of mining, Apps may not mine for cryptocurrencies unless the processing is performed off the device (e.g. cloud-based mining)," the company statement reads.

As for ICO, the release read that Apps must be provided by banking, financial institutions, firms in the field or other approved companies. Moreover, they have to come in line with the effective law.

The new rules have also covered cryptocurrencies, so now digital coins cannot be offered in the store for completing the task "such as downloading other apps, encouraging other users to download, posting to social networks".

Earlier, the company allowed to add Monero coin to existing and new apps for iOS devices in the App Store.

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11 June, 2018 14:22

← Cryptos down over weekend on exchange hacking

The leading cryptocurrency, bitcoin, dropped in price by more than 10% over the weekend, once a South Korea-based exchange had reported a hack. In this context, the price was reportedly below $6,700 over the period under review. Bitcoin has actually lost more than a half of its value this year, given an all-time record near $20,000 observed last December.

Cryptos down over weekend on exchange hacking

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11 June, 2018 11:52

Bithumb cleared of all tax evasion charges →

South Korea's fiscal service has reportedly inspected Bithumb exchange and found no violations of the rules. According to local media, the authority has dropped all the charges regarding tax evasion over 2017. The inspection was launched at the beginning of the year, when the authority directed its agents to the exchange HQ in Seoul.

Bithumb cleared of all tax evasion charges
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