Sentences with phrase «bitcoin exchangers»
In Denmark, Michael Landberg, chief legal adviser at the Financial Supervisory Authority in Denmark, said the most likely outcome for bitcoin exchangers would be an «amendment to existing financial legislation so that we have regulation covering it.»
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There are large Bitcoin exchangers that you can sell your Bitcoin to and they will deposit money into your checking account or you may even receive a wire from a money sending company.
BitInstant CEO Charlie Shrem and underground Bitcoin exchanger Robert M. Faiella have been charged with using bitcoins to buy and sell illegal drugs to Silk Road users.
You could literally say that I tried almost every exchange service, or bitcoin exchanger,...
NEW YORK — The top executive of a New York City - based Bitcoin company and a Florida Bitcoin exchanger have been charged with conspiring to commit money laundering by selling more than $ 1 million in Bitcoins to users of the black market website Silk Road, authorities said Monday.
Coming soon from online bitcoin exchanger Paybis, it was announced that the company will soon launch a debit card for user accounts.
Not exact matches
Currently, a host of exchanger resources offering direct transfers to bank cards and electronic wallets for Bitcoin and altcoins are in operation, but tax obligations for residents who use them remain at best open to interpretation.
Most of the analysis looks at Convertible Virtual Currency (most significantly Bitcoin) and «Administrators and exchangers of convertible virtual currency as money transmitters.»
Additionally, FinCEN claimed regulation over American entities that manage bitcoins in a payment processor setting or as an exchanger: «In addition, a person is an exchanger and a money transmitter if the person accepts such de-centralized convertible virtual currency from one person and transmits it to another person as part of the acceptance and transfer of currency, funds, or other value that substitutes for currency.»
That compares pathetically to the number of people using Coinbase — «the largest exchanger in the US of bitcoin into US dollars,» according to the government — with 4.8 million users and 10.6 million wallets.
ShapeShift, the digital asset exchanger announced today a new partnership with BitPay, the Atlanta - based bitcoin payments company.
HolyTransaction, a cryptocurrency wallet company, and owner of Flyp.me instant exchanger announced today they have implemented support for Bitcoin bech32 address formats on its platform.
According to Reuters, officials for the Bangko Sentral ng Pilipinas are mulling whether to apply additional scrutiny to money exchangers in the Philippines, which could capture bitcoin exchanges that swap cash for digital currencies.
Similarly, such exchangers could act as payment processors: it would be much easier for users to spend litecoin at merchants that only accept bitcoin (or vice versa).
One of the most sort - after features in any exchanger or trading Bitcoins is security.
Keep in mind that you can always use an exchanger to change your Bitcoins to other cryptocurrencies as well.
The concept is created by Accenture, a multinational consulting services company, and was represented at the meeting by the company's lead software developer Primrose Mbanefo, who works with the Internet of Things, reports Exchanger Bitcoin.