Sentences with phrase «electronic money institution»

Wave Crest Holdings Limited is a licensed electronic money institution by the Financial Services Commission, Gibraltar.

For example, it uses an online electronic money institution to convert investors» money into a digital currency that can be spent on the portal.

• Tramonex: Registered as a Small Electronic Money Institution (EMI) with the FCA in February 2017, Tramonex enables businesses to become authorized electronic money institutions that can use digital currencies in their day - to - day operations.

Not exact matches

The FCA wrote, «The majority of sandbox firms using DLT across the first two cohorts are electronic money or payments institutions.»

They already use money in an electronic form in the reserve accounts at the central bank that can be held only by banks and other designated financial institutions.

Hence the Greek government is now ordered by the «institutions» to spend money on promoting the use of easily traceable electronic means of payment.

This money is a purely peer - to - peer version of electronic cash which allows online payments to be sent directly from one party to another without going through a financial institution.

When I transferred some money to another financial institution, they did not provide an automated or electronic version of all of the trades.

«Fund Transfer fraud means the fraudulent... electronic... instructions issued to a financial institution directing such institution to transfer, pay or deliver money or securities from any account maintained by an insured at such institution without an insured's knowledge or consent.»

Before Bitcoin there was never electronic cash; we had numbers being stored in the database of a financial institution like a bank or Paypal, whose rules you had to comply with in order to open an account and use, and whose permission you had to seek before being able to move the money.

Shavkat Mirziyoyev, the President of Uzbekistan has signed a new decree which has made it mandatory for the nationalised institutions to finalize a draft regulation in regards to cryptocurrencies or «electronic money» within 1st September of the current fiscal...

The platform can be used widely for financial institutions, electronic money and point systems, online games, and logistics.

Thank you, [TENANT NAME]----------------------------------------------- END BLOG POST ---------------------------------------------------------------------------------------------------------------------------------------- MY FYI... NACHA is the organization that manages the development, administration, and governance of the ACH Network, the backbone for the electronic movement of money and data in the United States and is funded by the financial institutions it governs.