Cryptocurrencies are therefore not considered as official South African tender nor is it widely
accepted as a means of exchange or payment.
Not exact matches
««Virtual currencies»
means a digital representation
of value that is neither issued by a central bank or a public authority, not attached to a legally established currency, which does not possess the legal status
of currency or money, but is
accepted by natural or legal persons
as a
means of exchange or for other purposes, and can be transferred, stored or traded electronically.
Both money proper and money substitutes serve
as generally
accepted means of exchange.
A crypto currency is an alternative currency that is designed to serve
as a
means of exchange between people and businesses that are willing to
accept them.
While corporations can
accept cryptocurrencies
as a
means of payment or value
exchange, Hoffmeyer believes they have limited application for corporates, unlike blockchain technology.
Thus, the creator declares and promises their backers that their product will (or already does)
accept KickCoins
as a
means of payment, at a rate
of conversion listed on cryptocurrency
exchanges.
In this Quarterly Report on Form 10 - Q, unless the context otherwise requires, the following terms have the
meanings assigned to them
as set forth below: «we», «our», and the «Company» refer to Forward Industries, Inc., a New York corporation, together with its consolidated subsidiaries; «Forward» or «Forward Industries» refers to Forward Industries, Inc.; «common stock» refers to the common stock, $.01 par value per share,
of Forward Industries, Inc.; «Koszegi» refers to Forward Industries» wholly owned subsidiary Koszegi Industries, Inc., an Indiana corporation; «Forward HK» refers to Forward Industries» wholly owned subsidiary Forward Industries HK, Ltd., a Hong Kong corporation; «Forward Innovations» refers to Forward Industries» wholly owned subsidiary Forward Innovations GmbH, a Swiss corporation; «Forward APAC» refers to Forward Industries» wholly owned subsidiary Forward Asia Pacific Limited, a Hong Kong corporation; «GAAP» refers to accounting principles generally
accepted in the United States; «Commission» refers to the United States Securities and
Exchange Commission; «
Exchange Act» refers to the United States Securities
Exchange Act
of 1934,
as amended;
In light
of this consensus
as to the term's ordinary
meaning, the Court concludes that «funds,» for the purposes
of § 1960,
means pecuniary resources, which are generally
accepted as a medium
of exchange or a
means of payment.
The long - awaited bill, which goes into effect on April 1, still does not recognize bitcoin
as a currency, but it has
accepted that bitcoin and other cryptocurrencies have «asset - like values» that can be used «
as payment to indefinite parties for the cost
of purchase or rent
of items or receipt
of services and which can be transferred by
means of electronic data processing systems,» explained Bitflyer
exchange.
Ticket Camp, a premier customer - to - customer (C2C) ticket
exchange marketplace in Japan have made the public announcement
of being the front runner in the sphere
of accepting Bitcoin
as a payment
means for issuing tickets in Japanese ticket industry.
This
exchange bug and related fallout come at an interesting time for cryptocurrency relations in Japan, which recently announced it
as an
accepted means of payment.
The cryptocurrency is not recognised
as a
means of payment by the official structures: banks do not
accept it and Chinese financial system does not protect bitcoin owners in the case
of stock
exchange crisis.