Not exact matches
To accomplish that, the bill adds a definition
of virtual currency to the state's money services statute (8 V.S.A. § 2500 et seq.): «stored value that (A) can be a
medium of exchange, a unit
of account, or a store
of value; (B) has an equivalent value in money or
acts as a substitute for money; (C) may be centralized or decentralized; and (D) can be
exchanged for money or other convertible virtual currency.»
Significant matters / transactions include: Advised Xstrata South Africa (Proprietary) Limited on its offer to purchase Lonmin plc's entire issued share capital, # 5 billion Advised Telkom SA Limited on its unbundling
of a 35 % stake in Vodacom Group (Proprietary) Limited, R35 billion Advised Edgars Consolidated Stores Limited on its acquisition by Bain Capital, R25, 5 billion Advised The Standard Bank
of South Africa Limited and FirstRand Bank Limited (
acting through its Rand Merchant Bank division) on the introduction
of BEE equity participation in Sasol Limited and their arranging financing therefore, R25, 4 billion Advised FirstRand Bank Limited (
acting through its Rand Merchant Bank division) and Nedbank Limited (
acting through its Nedbank Capital division)
as lenders to Richards Bay Titanium (Proprietary) Limited and Richards Bay Mining (Proprietary) Limited, R19 billion Advised Citibank N.A. on a bridge loan granted to Turquoise Moon Trading 427 (Proprietary) Limited by Citibank N.A. and JP Morgan Chase, R10 billion Advised British American Tobacco plc on its secondary listing on the JSE, R550 billion Advised Pioneer Foods Limited on its listing on the JSE Securities
Exchange, R6 billion Advised the South African National Roads Agency Limited in respect
of the Gauteng Freeway Improvement Project involving the construction and upgrade
of the Gauteng freeway and the procurement
of an open road tolling system, R44 billion Advised Absa Bank Limited (
acting though its Absa Capital division), FirstRand Bank Limited (
acting through its Rand Merchant Bank division) and Vunani Capital (
as co-lead arrangers) and the South Africa National Roads Agency Limited (
as issuer) on the establishment
of its South African Guaranteed Domestic
Medium Term Note Programme and the subsequent issue
of notes thereunder, R32 billion Advised Shoprite Checkers (Proprietary) Limited on the proposed Brait Private Equity private equity buy - out (this did not proceed), R12 billion Advised Reclamation Holdings (Proprietary) Limited and various shareholders on the acquisition by Capitalworks Private Equity SP GP (Proprietary) Limited and Old Mutual Life Assurance Company South Africa Limited
of a 20 % equity stake in Reclamation Holdings (Proprietary) Limited from various shareholders, R511 million Clients include: Multinationals, listed companies, financial institutions, entrepreneurs and Government
In some environments, it operates like «real» currency — i.e., the coin and paper money
of the United States or
of any other country that is designated
as legal tender, circulates, and is customarily used and accepted
as a
medium of exchange in the country
of issuance — but it does not have legal tender status in any jurisdiction...... Virtual currency that has an equivalent value in real currency, or that
acts as a substitute for real currency, is referred to
as «convertible» virtual currency.
To accomplish that, the bill adds a definition
of virtual currency to the state's money services statute (8 V.S.A. § 2500 et seq.): «stored value that (A) can be a
medium of exchange, a unit
of account, or a store
of value; (B) has an equivalent value in money or
acts as a substitute for money; (C) may be centralized or decentralized; and (D) can be
exchanged for money or other convertible virtual currency.»
CENT, according to the paper, is meant to
act as a common
medium of exchange between apps that originally use entirely incompatible currencies.
Havven will offer a digital method
of payment that fulfils the same three functions that traditional forms
of money and asset - ownership do:
act as a unit
of account, a
medium of exchange, and
as a store
of value, states the company.
It is a peer - to - peer decentralized funding and trading protocol (actually, the first
of its kind) and while it is not an
exchange medium in itself, it
acts as a protocol that can be integrated into an
exchange to make trading faster and more seamless.
The idea is that Unikoin Gold, the token that was up for sale, will
act as a common
medium of exchange for bettors to use on the platform, which allows for placing bets on games like League
of Legends, Defense Against the Ancients (Dota) and CounterStrike, among others.