Sentences with phrase «as a medium of exchange which»

Not exact matches

Its token, which the company says will initially be pegged to the value of one U.S. dollar, strives to become a legitimate medium of exchange, a true crypto - currency as opposed to a crypto - commodity, like Bitcoin.

While Bitcoin and other cryptocurrencies have tremendous potential value as a medium of exchange, it is the underlying distributed ledger technology, blockchain, which has emerged to truly capture the interest of entrepreneurs, venture capital firms, financial institutions and other corporations.

While Bitcoin and other cryptocurrencies continue to hold tremendous potential value as a medium of exchange, it is the underlying distributed ledger technology, blockchain, which has emerged to truly capture the interest of entrepreneurs, venture capitalists, financial institutions and other corporations.

As suggested by Forbes, the first thing which could send Bitcoin skyrocketing is increased adoption as a conventional currency — meaning as both a store of value and medium of exchangAs suggested by Forbes, the first thing which could send Bitcoin skyrocketing is increased adoption as a conventional currency — meaning as both a store of value and medium of exchangas a conventional currency — meaning as both a store of value and medium of exchangas both a store of value and medium of exchange.

This is a natural response from governments to a new medium of exchange, which could end up competing with their own legal tender, commodities and other assets as a store of value and alternative method... Read more»

Just last week, during testimony before the US Congress, SEC Chairman Jay Clayton said cryptocurrencies such as Bitcoin, which function exclusively as mediums of exchange, are not securities, unlike ICO tokens, which are.

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 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.»

As used herein, «Digital Currency» means a digital asset (also called a «cryptocurrency,» «virtual currency»), such as, but not limited, bitcoin or ether, which is based on a cryptographic protocol (s) of an electronic system that may be (i) centralized or decentralized, (ii) proprietary or open - source, and (iii) used as a medium of exchange and / or store of valuAs used herein, «Digital Currency» means a digital asset (also called a «cryptocurrency,» «virtual currency»), such as, but not limited, bitcoin or ether, which is based on a cryptographic protocol (s) of an electronic system that may be (i) centralized or decentralized, (ii) proprietary or open - source, and (iii) used as a medium of exchange and / or store of valuas, but not limited, bitcoin or ether, which is based on a cryptographic protocol (s) of an electronic system that may be (i) centralized or decentralized, (ii) proprietary or open - source, and (iii) used as a medium of exchange and / or store of valuas a medium of exchange and / or store of value.

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?

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

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.

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.

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.

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.»

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.

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.

The grea [t] ambition for the Internet as a communicative medium is that it can facilitate not only access to information and data but also the possibility of narrative exchange and collective will formation — the opportunity to become informed, to argue and to reach reasoned and rational positions which might become part of a public sphere consensus.

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.

«In the case of pure cryptocurrencies like bitcoin, store - of - value use («hodling») and medium - of - exchange use («buying coffees») are naturally in conflict, as the store - of - value prizes security much more than the medium - of - exchange use case, which more strongly values usability.

A virtual currency is one particular type of digital token, which typically functions as a medium of exchange, a unit of account or a store of value.

The bank said in its update: «These regulations do not cover «virtual currency» which is defined as any type of digital unit used as a medium of exchange, unit account, or a form of stored value.»

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.

The Monetary Authority of Singapore (MAS) sees the difference between digital tokens, which it regards as a «cryptographically - secured representation of a token - holder's rights to receive a benefit or to perform specified functions,» and virtual currency, which the regulator describes as «one particular type of digital token, which typically functions as a medium of exchange, a unit of account or a store of value.»

The most promising addition to the digital payment sector is the cryptocurrency which is considered as a medium of exchange like other normal currencies.

The report further added that «by offering more platforms for transactions, Upbit says it aims to make cryptocurrency trading as easy as mobile trading of securities, which has become a popular medium of stock exchange in Korea recently.»

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.

ICO: Binance is creating a decentralized exchange with the help of BNB, which can be used as a medium to pay fees and become one of the future's best base currencies.