Sentences with phrase «as a legitimate currency»
Or maybe they see it as purely a way of making money, and not as a legitimate currency with any practical uses.
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With its growing acceptance as a legitimate currency, the International Standards Organization (ISO) has since designated bitcoin's notation as XBT.
According to FSS head Choe Heung - sik, «supervision will come only after the legal recognition of digital tokens as a legitimate currency.»
According to the budget documents, the federal government stated that it doesn't recognize bitcoin as a legitimate currency, but it does address the fact that the digital currency is growing in popularity and usage.
A new designation has moved bitcoin closer to being widely considered as a legitimate currency, but it also brings new regulations for users.
Not only do Odyssey's purple coins add to each kingdom's personal atmosphere, they also act as legitimate currency for the local Crazy Cap shop.
Managing director James Hagan is ahead of the curve when it comes to accepting Bitcoin — a cryptocurrency he sees has having a strong future as a legitimate currency with mainstream acceptance.
With its growing acceptance as a legitimate currency, the International Standards Organization (ISO) has since designated bitcoin's notation as XBT.
«Supervision will come only after the legal recognition of digital tokens as a legitimate currency.»
Following Japan's landmark decision to recognize bitcoin as a legitimate currency, China and South Korea have launched regulatory campaigns against cryptos.
In fact some sovereign states — China — refuse to recognize these as legitimate currencies.
With its growing acceptance as a legitimate currency, though, the International Standards Organization (ISO) decided to designate bitcoin's notation as XBT.
This is why many regulators are struggling with seeing it as a legitimate currency.
He stated in November 2017 that «supervision [of cryptocurrency exchanges] will come only after the legal recognition of digital tokens as legitimate currency.»
But, over the upcoming years, it would become more difficult for certain governments to remain indifferent or negative toward the cryptocurrency market because major markets like the US, Japan, and South Korea have already embraced Bitcoin as a legitimate currency and asset class.