Sentences with phrase «as a medium of exchange in»

FinCEN's regulations define currency (also referred to as «real» currency) as «the coin and paper money of the United States or of any other country that [i] is designated as legal tender and that [ii] circulates and [iii] is customarily used and accepted as a medium of exchange in the country of issuance.»

The FINCEN definition of currency: The coin and paper money of the United States or any other country that is (1) designated as legal tender and that (2) circulates and (3) is customarily accepted as a medium of exchange in the country of issuance.»

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.»

In addition, if the price of Bitcoin can rise or fall 10 % or 20 % in a day — a price swing which exceeds the profit margins of the vast majority of businesses in the world — who will be willing to use this as a medium of exchange in commerce?

The former use of Uang Kepeng as a medium of exchange in Bali has played a central role in the vitality of Balinese culture, religion, society, governance and economy, and therefore should be re-issued as a complementary medium of exchange to meet present concerns about cultural degradation and demands for an increased supply of Uang Kepeng that is valuable to the people and supports the elements of Balinese culture.

Analyzing Lessig's take on the differences between commercial economies and sharing economies, Johnson summarizes that «friends do favors for one another in a sharing economy, and corporations and customers use cash as the medium of exchange in a commercial economy.»

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.

It's hard to think of using gold as a medium of exchange in an age where almost everything has been digitized.

«In some environments, virtual currency 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.

In some environments, virtual currency 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.

Any cryptocurrency that does not have KYC identification of users will not work as a medium of exchange in the world of commerce.

Mind you, crypto users have been abandoning Bitcoin as a medium of exchange in favor of rivals Bitcoin Cash and Litecoin, which are much cheaper and faster to use for day - to - day transactions.

Not exact matches

But in an interesting twist, a developer who was hired by Reddit to work on the idea of a «crypto - currency» — a form of Bitcoin that users could receive in exchange for contributing content, or as a way of distributing some of the shares that were issued in the site's fundraising round — said in a post on Medium that he was working on a plan to de-centralize Reddit in just this way before he was let go.

But there are a lot of possible applications that can use Bitcoin as the medium of exchange while prices are set in a conventional currency such as the dollar.

In February 2018, Bank of England governor Mark Carney said that cryptocurrencies have «failed» to behave as currencies because they are not an effective «store of value» and because «nobody uses [them] as a medium of exchange.»

And, in the grand scheme of things, it is mostly true today that cryptocurrencies don't have meaningful «industrial [or] consumer use except as a medium of exchange.»

As investor Salil Deshpande of Bain Capital Ventures describes it in a new Medium post about the outfit, this last scenario alone is a huge opportunity, given that «regulatory, tax and legal issues make it onerous and costly for cryptotraders to trade with fiat, and many crypto exchanges do not even offer the ability to use fiat.

If they are to succeed — not only as a fringe medium of exchange or speculative investment, but as real competitors with government currencies — some new programmers are going to have to come along and make currencies whose digital coins are created in a much different manner than the current ones.

Not only this, but the regulatory agency has also stated that in the country of Columbia, the only medium of exchange that is deemed as legal consists of the country's fiat currency, issued by the Bank of the Republic.

While virtual currencies do not have legal tender status in any jurisdiction, they operate like «real» currency in that they are accepted as a medium of exchange.

Not sure what to conclude — different people will come to different answers, but in my mind the use of cryptos as a medium of exchange is for a limited set of economic activity.

In order for currency on a scale such as local community currencies or loyalty points to be linked to other currencies, there is a need for a method to provide a medium of exchange that allows for the difference in scalIn order for currency on a scale such as local community currencies or loyalty points to be linked to other currencies, there is a need for a method to provide a medium of exchange that allows for the difference in scalin scale.

In his post on reddit, Lee explained that he felt his ownership stake was actually a burden on Litecoin's development as a real - world medium of exchange:

In this analogy the age of Bitcoin's blockchain is similar to the thousands of years of recorded history where gold functioned not only as a store of wealth but also a real medium of exchange.

While the cryptocurrency world has progressed swiftly since the emergence of Bitcoin in 2008, there is still some way to go before digital currencies are fully implemented as a present day mediums of exchange.

They are just a few examples of how blockchain technology, combined with mobile as a transaction and exchange medium, are already breaking down price barriers to mining and profiting off of cryptocurrency, and consumers and developers in every country alike are paying attention.

Cryptocurrencies are neither official South African tender nor widely used and accepted in South Africa as a medium of payment or exchange.

In November 2016, the IDFPR published its request for comments on its proposed «Digital Currency Regulatory Guidance,» which defined digital currencies as «an electronic medium of exchange used to purchase goods and services.»

-LSB-...] If the digital currency will become less variable in future, the assessment of products in these values can become easier and one can start to use them more frequently as a medium of exchange.

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.»

Language, like money under inflationary conditions, loses its value as a medium of exchange when issued in excessive quantity and without regard for the real assets underlying it.

Once people agreed to accept money as the medium of exchange, the accumulation of property was in principle without any moral limit.

Table 1: Selection, Design & Construction of HSV - based Oncolytic Viruses Table 2: Selection, Design & Construction of Adenovirus - based Oncolytic Viruses Table 3: Selection, Design & Construction of Vaccinia Virus - based Oncolytic Viruses Table 4: Selection, Design & Construction of Vesicular Stomatitis Virus - based Oncolytic Viruses Table 5: Selection, Design & Construction of Newcastle Disease Virus - based Oncolytic Viruses Table 6: Selection, Design & Construction of Various Virus - based Oncolytic Viruses Table 7: Current Company - Sponsored Clinical Trials of T - Vec Table 8: Clinical Trials of ColoAd1 Table 9: Clinical Trials with JX - 594 Table 10: Clinical Trials with GL - ONC1 Table 11: Clinical Trials of CAVATAK (CVA21) Table 12: Clinical Trials with MV - NIS Table 13: Overview of Oncolytic Viruses by Development Phase & Virus Family Table 14: Profile of Approved and Marketed Oncolytic Viruses Table 15: Pivotal Study Design of Oncolytic Viruses in Late Stage Development Based on Previous Clinical Results Table 16: Approved Indications of Immune Checkpoint Inhibitors Table 17: Active Clinical Studies of Oncolytic Viruses in Combination with Immune Checkpoint Inhibitors (ICI) Table 18: Planned Clinical Studies of Oncolytic Viruses in Combination with Immune Checkpoint Inhibitors (ICI) Table 19: Active or Planned Clinical Studies of Oncolytic Viruses in Combination with Other Anti-Cancer Therapeutics Table 20: Pattern of Transgenes in Oncolytic Viruses in Relation to Development Phase Tables 21a and 21b: Indications and Frquency and Way of Administration of Oncolytic Viruses in Active and / or Positive Completed Clinical Studies Table 22: Small and Medium Pharma & Biotech as Partner for Regional Co-Development of Oncolytic Viruses Table 23: Immuno - Oncology Portfolio of Major Pharma & Biotech with Interest in Oncolytic Viruses Table 24: Interests of Major Pharma & Biotech in Oncolytic Viruses Table 25: First Generation Oncology Virus Companies and their Sources of Technology Table 26: Second Generation Oncology Virus Companies and their Sources of Technology Table 27: Third Generation Oncology Virus Companies and their Sources of Technology Table 28: Fourth Generation Oncology Virus Companies and their Sources of Technology Table 29: Grants, Credits & Donations Table 30: Financing by Venture Capital, Private Equity and Other Private Placements Table 31: Collaboration & Licensing Agreements Table 32: Companies Listed on Stock Exchange & Offerings Table 33: Mergers & Acquisitions

Money is a medium which can be exchanged for goods and services and is used as a measure of their value in the market.

The Exchange Traded Fund (ETF) industry has enjoyed very strong growth in recent years: ETFs are seen to be more transparent, lower cost, and over the medium term better performing than the majority of traditional actively managed mutual funds, whilst being just as safe.

Questions that arise in discussions about gold often include: if the financial system falls apart, what would we use as a medium of exchange?

Today, we use the system of «fiat money» which says that currency is intrinsically worth only the paper it is printed on is is used only as a medium of exchange for the supply and demand of goods and services in an economy, including precious metals like gold and silver, with the value of money allowed to fluctuate based on market forces.

The shared medium of carved marble makes these venerated symbols and folkloric figures appear to have a family resemblance as they meet head - on in a cultural exchange between the East and the West.

Other pieces, by David Levinthal, Cindy Sherman, and Lorna Simpson push the conventions of photography to new limits and expand our understanding of what the medium can be, while photographs by international artists, such as Shirin Neshat and Liu Wei exhibit the exchange of ideas that is possible in today's universally connected world.

This is an exhibition as thesis in three dimensions, in which ideas about ballet as a potent medium of transatlantic exchange and a pre-queer history are staked out.

Mateo's sculptural work makes use language as a tool of narrative and of absurd abstraction, shifting in scale, and exchanging mediums in an attempt find a means a performative production.

For Hanson and Schmidhofer, landscape is a dynamic subject through which they live, move and exist, but also a medium that is itself in motion from one place or time to another, circulating as a place of exchange, a site of visual appropriation, and a focus for the formation of identity.

Medium of Exchange follows Soleimani's investigation of the complex relationships between leaders of OPEC countries and the West, finding both complicit in warfare that has come as a result of oil interest.

In his work in various mediums, as Tom Williams wrote in A.i.A. in 2011, «he gives form to a complex exchange between art and racial politics, which the respective histories of these fields so often ignore.&raquIn his work in various mediums, as Tom Williams wrote in A.i.A. in 2011, «he gives form to a complex exchange between art and racial politics, which the respective histories of these fields so often ignore.&raquin various mediums, as Tom Williams wrote in A.i.A. in 2011, «he gives form to a complex exchange between art and racial politics, which the respective histories of these fields so often ignore.&raquin A.i.A. in 2011, «he gives form to a complex exchange between art and racial politics, which the respective histories of these fields so often ignore.&raquin 2011, «he gives form to a complex exchange between art and racial politics, which the respective histories of these fields so often ignore.»

Above all, he sees it as a medium of cross-cultural exchange — one that first linked Virginia and the American colonies to Europe and other parts of the world in the age of discovery and which continues to provide a connective thread in the age of globalism.

The 2018 Creative Exchange highlights artists in every medium — including writers, performing artists, and visual artists — and features outstanding speakers on an array of topics as well as plenty of time for networking.

Replicating the natural environment of a plant inside of a house or apartment can be challenging, as growers need to be able to replace the growth medium (for the roots to be in), the system for feeding them (fertilizing), the ventilation or air exchange system, and the sunlight itself.

Now, while a blockchain application that utilises a digital currency as a medium of payment, (which is then converted later into dollars, or pounds sterling), is not a formal currency exchange, it is involved indirectly in converting digital currencies.

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.

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