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Enterprise Security Magazine | Friday, November 30, 2018
Recently, Google announced a ban on the distribution of cryptocurrency mining apps that underpins mining cryptocurrency on devices. However, this has not stopped developers from placing a smartphone mining on the Play Store. JSEcoin, a Britain based startup that works on browser-based mining solutions in place of a stream of avenues to advertising announced that it successfully rolled out its mobile app in the Play Store. Among its gamut of features, the app supports users to manage mining efforts remotely and enables them to mine cryptocurrency directly on the mobile device. Despite the feature above violating Google’s regulatory guidelines, the search engine giant approved the app to feature on the Play Store. Amidst the stringent guidelines, JSEcoin turned out to be one of the many mining apps active on the Play Store.
Another app, MinerGate has been active for a year with over a million downloads. This app enables users to mine Monero directly on mobile phones instantly. If we look at the reviews of the app, we can see users claiming great profits while others call it a scam, citing issues of inability to transfer mined coins to the useable wallet.
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However, between all these mining apps, there is a more significant issue which has forced Google to make changes in its regulatory policies and preempt Play Store users from awful cryptocurrency apps. Consequently, banning cryptocurrency mining apps on the Play Store is a great initiative to obliterate malicious developers who seek to earn money owing to bad users. However, banning apps from the Play Store creates another concern as users will amend ways to mine cryptocurrency. Removing the apps doesn’t guarantee that mining crimes will stop. The proliferation of third-party cryptocurrency mining apps opens new doors for more illegitimate apps, which can bring more damage to users’ devices.
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