No end to Bitcoin woes! Now Apple bans cryptocurrency mining on iPhones, iPads

Smartphone maker Apple has now banned mining cryptocurrencies on its iPhones and iPads. The move comes after Facebook and Google did so too. In its App Store review guidelines, the iPhone maker introduced a new section that applies to iOS, macOS, watchOS, and tvOS app.

"Apps, including any third party advertisements displayed within them, may not run unrelated background processes such as cryptocurrency mining," said the guidelines.

"Apps may facilitate virtual currency storage, provided they are offered by developers enrolled as an organisation. In addition, apps may not mine directly for cryptocurrencies, unless the mining is performed in the Cloud or otherwise off-device," it added. 

The guidelines, further, stated that apps may facilitate transactions or transmissions of cryptocurrency on an approved exchange, provided they are offered by the exchange itself.

Apps facilitating Initial Coin Offerings (ICOs) must come from "established banks, securities firms, futures commission merchants ('FCM'), or other approved financial institutions".

Cryptocurrency-related apps "may not offer currency for completing tasks, such as downloading other apps, encouraging other users to download, posting to social networks", the guidelines stated.

Meanwhile, Apple removed "Calendar 2" app from the Mac App Store in March after it started mining cryptocurrency on devices in exchange for premium features.

WATCH ZEE BUSINESS VIDEO HERE

Facebook and Google have already banned cryptocurrency, token sales and Initial Coin Offerings (ICO) advertisements on their platforms.

Twitter has also started blocking cryptocurrency-related ads on its platform.

"We have added a new policy for Twitter Ads relating to cryptocurrency. Under this new policy, the advertisement of Initial Coin Offerings (ICOs) and token sales will be prohibited globally," Twitter said.