Sentences with phrase «as a virtual currency»

These include market - making activities and settlement services for exchanges, such as virtual currency wallets.

User acknowledges that trading operations, real or virtual, as well as virtual currency involves significant risk.

The app can also be used as a virtual currency, which can be used for buying electronic gifts.

This means that it can now act as a virtual currency / utility token without fear of repercussions.

«There is therefore no government mechanism to guarantee the value of currency instruments known as virtual currencies,» the bank said.

As virtual currency transactions using cryptocurrency software rise, rules that seek to regulate virtual currency businesses geographically may be difficult to interpret and enforce.

A cryptocurrency can be defined as a virtual currency that is generally used as a medium of exchange.

It added that it currently was evaluating how it should regulate activities involving digital tokens, which did not function solely as virtual currencies, against money laundering and terrorist funding risks.

Even as virtual currency removes government from the issuance of money, it has certainly attracted regulatory interest.

Starting today, developers will be able to add in - app purchases such as virtual currency, expansion packs, or take out subscriptions.

In moving towards reopening our services, we are putting all of our efforts towards discovering the cause of the illicit transfer and overhauling and strengthening our security measures while simultaneously continuing in our efforts to register with the Financial Services Agency as a Virtual Currency Exchange Service Provider,» the company added.

«Japan has been exploding with demand for both Bitcoin trading as well as virtual currency services.

«While the scams have been around as long as the virtual currency markets themselves, the number of new virtual currency and digital coin traders has grown substantially, increasing the number of potential victims or unwitting perpetrators.»

The uptrend and the momentum remain intact as long as the virtual currency trades above the trendline.

The SEC teamed up with CFTC to issue a joint statement on Friday, saying: «When market participants engage in fraud under the guise of offering digital instruments — whether characterized as virtual currencies, coins, tokens, or the like — the SEC and the CFTC will look beyond form, examine the substance of the activity and prosecute violations of the federal securities and commodities laws.»

In moving towards reopening our services, we are putting all of our efforts towards discovering the cause of the illicit transfer and overhauling and strengthening our security measures while simultaneously continuing in our efforts to register with the Financial Services Agency as a Virtual Currency Exchange Service Provider.

«As security threats such as virtual currency speculation and hacking on handling sites are increasing, the actual situation of personal information protection of major virtual currency exchanges has been found to be very weak,» Korea Communications Commission chairman Lee Hyo - Sung said.

Japan's largest Bitcoin and blockchain company, bitFlyer, has now received an official license to operate in the state of Illinois.After receiving a «BitLicense» to operate as a virtual currency exchange in New York in November 2017,...

The company is already negotiation with the Financial Services Agency in order to start the application process for registration as a virtual currency exchanger.

«As virtual currency trading becomes mainstream and institutional investors get involved, there is a gap in Europe for a platform which specifically caters to the professional market.»

The bill arose out of a desire to insure that Hawaii's tourism industry has the ability to serve tourists who prefer to use virtual currency: «A large portion of Hawaii's tourism market comes from Asia where the use of bitcoin as a virtual currency is expanding.

Even though the utilization of bitcoin is not popular enough to impose considerable impact on the global mainstream economy, as a virtual currency built via the blockchain protocol, the advent of bitcoin offers us a myriad of beneficial ideas of online financial development.

The regulations passed last year include provisions for registering as a virtual currency exchange service provider (VCESP), and rules to ensure proper deployment of virtual currency exchange services, according to a summary by the International Financial Law Review.

«We don't consider that Bitcoin can be considered as a virtual currency.

Bitcoin price gained almost $ 2000 in 12 hours into Tuesday as the virtual currency's correction gives way to gains and investors reaffirm their faith.

Aside from a separate narrative involving CNBC's seemingly concerted efforts to warn consumers off Bitcoin in favor of Bitcoin Cash, negative outlooks on Bitcoin's price came as the virtual currency came off all - time highs.

One thing, however, is clear: Although both the public and the crypto community refer to bitcoin and altcoins as virtual currencies, the IRS treats them as property for tax purposes.

As for the notion that the big payment processors may fear cryptocurrencies as potential competitors, this could become an issue if and when cryptocurrencies recover from their current crash and settle into a less volatile pattern that encourages their use as virtual currency rather than as speculative assets.

As virtual currencies gain both popularity and controversy, banks and financial services firms are monitoring the steps taken by the issuers of virtual currency as well as the guidelines of various governments and policymakers to see what opportunity it holds for them.

It's this speed which, at least until SegWit occurs within the Bitcoin project, attracts many investors in XEM as virtual currency.

As the virtual currency continues to gain ground, we asked our Nigerian customers: how do...

CSGO Lotto enabled consumers to gamble, using skins as virtual currency.

For more variety, Game.IO chips were introduced in the game as virtual currency, which can be used to place bets in Bet mode and take high or low stakes in Online mode.

Xbox Live Gift Cards are the direct replacement of Microsoft points formerly offered as a virtual currency on the Xbox Live platform.

A Bitcoin ATM in Vancouver has put Canada on the map as a virtual currency hotbed.

There's nothing better than images of collectible coins, stage props, miniatures, and professional models to convey the intricacies of a distributed, decentralized, encrypted digital asset functioning as a virtual currency.

When the coin was defined as a virtual currency by the U.S Treasury, it was predicted that the coin will take the world by storm.

Razer's zVault was announced a few weeks ago as a virtual currency for both games and products.

bitFlyer also revealed that it received approval from the New York State Department of Financial Services (NYDFS) to operate in the state as a virtual currency exchange.

This week has seen warnings that Bitcoin's fate could lie in a dotcom - style bubble popping as the virtual currency remains around all - time highs over $ 7,000.

The gist of Electroneum's growth and adoption plan that made it so popular is this: onboard mobile game developers and use Electroneum as a virtual currency that can be transferred across multiple games.

DFS Superintendent Maria T. Vullo said in a statement that DFS will support and encourage technological innovation as the virtual currency markets expands.

Bitcoin is billed as a virtual currency that is independent of government or any other centralized authority.

The group's name is #KasotsukaShojo, which translates as Virtual Currency Girls.

Amazon has just released its new Coins program, which acts as a virtual currency to buy apps or to buy in - app content.

«Defendants used the lure of quick riches from a twenty - first century payment system known as virtual currency to defraud investors.

«While the security threats such as virtual currency speculation and hacking of handling sites are increasing, the actual situation of personal information protection of major virtual currency exchanges is very weak,» warned the chairman of the Korea Communications Commission in announcing the fines.