Some apps on the App Store say they can help users mine coins with power from their personal devices, including "Crypto Coin Miner" and "Cryptocurrency Cloud Mining". Apple, however, seems to be waging war over cryptocurrency mining especially since this is not the first time that it has gone on the offensive against crypto mining apps. There is a whole section - 3.1.5 (b) - devoted entirely to cryptocurrencies. As increasing numbers of services dabble in cryptocurrency, some apps have turned to the kind of spammy tactics Apple has disapproved in the past. In fact, the guidelines allow the development and listing of apps which facilitate virtual currency storage, transactions, transmissions, and Initial Coin Offerings (ICOs) - as long as they abide by the applicable laws. From now on, only exchanges themselves will be able to place applications on the App Store.
Similarly, apps involved in initial coin offerings, bitcoin futures trading, or other cryptocurrency securities trading need to be from the banks, firms, or other approved financial institutions.
Moreover, apps are not allowed anymore to offer cryptocurrency as a reward for completing tasks, encouraging users to download other apps, post to social networks and etc.
Trump declares an end to the North Korean nuclear threat
The president can not be accused of going too far out on a limb here, however: The sanctions against North Korea remain in force. Pompeo agreed, saying "We've seen power when China and the USA work together and don't treat the relationship as a zero sum".
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Cryptocurrency mining itself basically involves setting a computer the task of solving equations.
Apple's not the only platform dealing with the issue of shady apps hijacking users' devices to mine bitcoin or other cryptocurrencies in the background.
The language used in the guidelines is protective but not restrictive. In Apple's view, cryptocurrency mining violates all three of these. This is not a move against cryptocurrency apps in general.
The presented content may include the personal opinion of the author and is subject to market condition.
Cryptocurrencies have been a real revolution in digital assets market at the end of past year.
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He said that Trump "made it very clear" that the suspension would only last while "good faith negotiations" continued. Pompeo had told reporters on Wednesday that the North Korean nuclear disarmament could take two years to complete.
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