Sentences with phrase «bitcoin legal tender in their country»

Not exact matches

Japan just on April 1st made Bitcoin legal tender, you know as good as the yen in the country, so think of that impact.

2 stating «Bitcoin and other virtual currencies are distinct from «real» currencies, which are the coin and paper money of the United States or another country that are designated as legal tender, circulate, and are customarily used and accepted as a medium of exchange in the country of issuance.»

The country's central bank released an initial warning in February and has followed up with repeated statements that bitcoin and other digital currencies are not legal tender or a permitted means of payment in Vietnam.

The Indian central bank has issued a couple of official warnings on bitcoin, and at the end of 2017 the country's finance minister clarified in an interview that bitcoin is not legal tender.

Both regulatory bodies warned against the usage of digital currencies like bitcoin as it is not a legal tender in the country and any bank or business that would deal or invest in such would do so at their own risk.

In July the Central Bank of Egypt rejected the use of bitcoin locally insisting it was not a legal tender in the countrIn July the Central Bank of Egypt rejected the use of bitcoin locally insisting it was not a legal tender in the countrin the country.

The South African Reserve Bank (SARB) has given indications that it might soon consider bitcoin as legal tender in the country.

This week saw officials in India indicate that they will be introducing regulations to completely eliminate payments with cryptocurrency in their country, and they made it official that India does not recognize Bitcoin as a legal tender.

The CBK has pointed out the fact that bitcoin is not recognised as a legal tender in the country and there are no proper regulatory structures governing its use.

CoinDesk India's finance minister, Arun Jaitley, has said bitcoin is not legal tender in the country and indicated that regulations are under consideration.

As reported by CCN, Portugal's central bank, Bank of Portugal, has in the past stated that bitcoin has no legal tender in the country, nor a central authority controlling it.

According to local publication ZeeBiz, Jaitley refuted bitcoin's acceptance as legal tender in the country while pointing to a similar stance taken by India's central bank over the years.

India's foremost financial official has publicly refuted bitcoin as a currency and legal tender in the country.

India does not regard Bitcoin as legal tender, China is cracking down on digital currencies, while Korea is planning a bill that would ban all cryptocurrency trading in the country, as pointed out by The Verge.

As bitcoin struggles to find its place as a legal tender for business transactions in many countries, director and registrar of the Reserve Bank of Zimbabwe, Zimbabwe's Central Bank, Norman Mataruka has raised more doubts about the cryptocurrency's authenticity in the country by an official statement released earlier this week.

The incertitude actually lies in the fact that the statement does not make clear whether bitcoin is actually prohibited in a wider sense or it is not an officially recognized currency in the country of Zimbabwe, that is to say it is not a legal tender for transaction of business.

As Arun Jaitley, the finance minister of India, has announced bitcoin and other cryptocurrencies are not legal tender in the country by comparing them to a Ponzi scheme.

Crypto - Not - Currency In his annual budget speech today, Union Finance Minister Arun Jaitley once again made clear the government's intention to halt the use of Bitcoin and other cryptocurrencies in India, claiming the South Asian country does not recognize digital currency as legal tendeIn his annual budget speech today, Union Finance Minister Arun Jaitley once again made clear the government's intention to halt the use of Bitcoin and other cryptocurrencies in India, claiming the South Asian country does not recognize digital currency as legal tendein India, claiming the South Asian country does not recognize digital currency as legal tender.