Sentences with phrase «as a virtual currency exchanger»
The company is already negotiation with the Financial Services Agency in order to start the application process for registration as a virtual currency exchanger.
https://www.coinstaker.com/
The application process for registration as a virtual currency exchanger has already been started with the Financial Services Agency, and it is currently under review.
Not exact matches
Most of the analysis looks at Convertible Virtual Currency (most significantly Bitcoin) and «Administrators and exchangers of convertible virtual currency as money transmitters.Virtual Currency (most significantly Bitcoin) and «Administrators and exchangers of convertible virtual currency as money transmittersCurrency (most significantly Bitcoin) and «Administrators and exchangers of convertible virtual currency as money transmitters.virtual currency as money transmitterscurrency as money transmitters.»
Additionally, FinCEN claimed regulation over American entities that manage bitcoins in a payment processor setting or as an exchanger: «In addition, a person is an exchanger and a money transmitter if the person accepts such de-centralized convertible virtual currency from one person and transmits it to another person as part of the acceptance and transfer of currency, funds, or other value that substitutes for currency.»
An exchanger is a person engaged as a business in the exchange of virtual currency for real currency, funds, or other virtual currency.
In addition, a person is an exchanger and a money transmitter if the person accepts such de — centralized convertible virtual currency from one person and transmits it to another person as part of the acceptance and transfer of currency, funds, or other value that substitutes for currency.
«A person is an exchanger and a money transmitter if the person accepts convertible virtual currency from one person and transmits it to another person as part of the acceptance and transfer of currency, funds, or other value that substitutes for currency.»
The definition of exchangers is simple: «An exchanger is a person engaged as a business in the exchange of virtual currency for real currency, funds, or other virtual currency.»
For example, one advisory point states «an administrator or exchanger that accepts and transmits a convertible virtual currency or buys or sells convertible virtual currency for any reason is a money transmitter under federal regulations and therefore should be registered as a money services business.»