Sentences with phrase «as a virtual currency built»
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...
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These new virtual currencies have generally been designed to serve as the internal payment mechanisms on new software the entrepreneurs are building.
«In recent months we have seen virtual currencies themselves as the building block for further innovation, in the form of Bitcoin futures contracts in the US,» Maijoor added.
Starting in 2014, we -LSB-...] As part of Gemini's mission to build the future of money, we believe in the importance of thoughtful regulation in the virtual currency industry.
Rep. Park Yong - jin, lawmaker of ruling Democratic Party of Korea, presided over the public hearing, about two weeks after he unveiled a plan to propose a set of revisions to build regulatory frameworks for virtual currency, such as bitcoin and ethereum, to call for the state protection.
The DFS highlights three areas of particular concern: ensuring payments are processed quickly to build user confidence that money will not «get stuck in a digital black hole»; ensuring virtual currencies do not become the tool of choice for terrorists, drug smugglers, illegal weapons dealers, money launderers, and human traffickers; making sure that the use of bitcoin as an investment is governed properly.
The ECB study builds off an earlier study published in 2012, offering both a general overview of digital currencies as well as follow - up analysis on the potential benefits and risk of using so - called virtual currency schemes (VCS).