Sentences with phrase «as fiat exchange»

The company initially allowed the use of US dollars as fiat exchange.

For all intents and purposes, a crypto - exchange fulfills the same role as a fiat exchange, but they have no connective tissue or link between each other.

Their roadmap includes incorporating some of the very user - friendly Airbitz wallet features, «such as fiat exchanges and mobile top - ups.»

Not exact matches

Unregulated digital entities, created by just about anyone out of nothing, that assume some value denominated in fiat currency simple because they're being traded between anonymous people or bots whose only desire is to make prices go up, on unregulated opaque exchanges where everyone thinks price manipulation is good as long as it pushes up the price....

Poloniex, which for now trades only digital tokens (about 70 types), needed a way to translate its cryptocurrency exchange fees into fiat money like U.S. dollars — «to buy cookies and milk and pay rent,» as Allaire likes to say.

As with most exchanges, users must pay a fee when depositing fiat currency.

The SEC is considering classifying certain tokens that are utilized in crowdfunding as securities, and the bank will provide exchanges with a registration channel to ease compliance with regulations while offering cryptocurrency - to - fiat exchange services under BSP supervision.

Comments were made by representatives of the central bank as well as the Securities and Exchange Commission on Tuesday, regarding the regulation of exchanges offering fiat - to - cryptocurrency conversion.

Virtual currency exchanges allow their customers to trade virtual currencies — usually for other virtual currencies, but also for other assets such as fiat money.

The finance ministry had published an earlier draft of the latter bill on its website in January 2018, and noted that the central bank took exception to a provision that would allow decentralized cryptocurrencies to be traded on exchanges for other digital assets as well as for fiat money.

One of his views that always stuck with me on that subject, at least as a starting point for thinking about it, was that it was somewhat nonsensical to talk about what «equilibrium exchange rates» should be in a world of fiat currencies and fractional reserve banking.

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.

The U.S. Treasury recently declared that any entity engaged in the exchange of virtual currency for fiat currency must register as a currency exchange and take steps to prevent money laundering.

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.

Some wallets have other features, such as checking live exchange rates to your fiat currency of choice or maintaining various coin balances from different blockchains, but we'll cover these in later sections.

Many exchanges currently work as centralized platforms with conventional banking relationship to facilitate fiat deposits and withdrawals.

The Altcoin exchanges have reduction despotic KYC (know your customer) rules, as here you customarily don't trade with fiat money.

Analysts believe that investors are gradually beginning to pay more attention to these assets since they are unrelated to a country's economy — unlike fiat currencies and other traditional forms of money exchange, which are extremely vulnerable to internal and external economic shocks — leading to the popularity of cryptos such as bitcoin and a few others.

Regulation should focus on exchanges, brokers and trading platforms, it continues, as this is where digital currencies and fiat interact.

As there are very few exchanges that accept fiat currency directly, most of the XMR purchases are conducted with Bitcoin.

Working much like a fiat currency, it can be exchanged for conventional currencies such as dollars, yen, etc..

Whenever you're going from fiat currency to bitcoins and vice-versa, you're going to pass some personal information and supporting documents to the exchange, such as the following:

This decision is also bound to affect companies that offer crypto - to - fiat exchange as non-custodial services.

Regulatory oversight of custodial exchange corporations is productive, as it protects consumers when their virtual (and fiat) currency is in the possession of the exchange.

Bitcoin can exist on its own, but the value of this cryptocurrency is that you can exchange it into fiat currencies, such as USD or EUR.

To develop the new wallet and integrated exchange, Abra has created a first of its kind stablecoin platform that facilitates holding both fiat coins as well as cryptocurrencies using a combination of litecoin and bitcoin - based contracts.

As a bitcoin exchange and trading company, your responsibility is to create a bitcoin exchange site that facilitates trading and exchanging bitcoins for fiat currencies or other digital currencies, and vice versa.

On the other hand, Stellar allows individuals to trade money directly with one another using XLM as the medium of exchange, and «anchors» to handle the aspects of fiat currency.

The methods that are supported by the exchanges that work with fiat differ as well.

As we wrote in our previous look at fiat and cryptocurrency pairs, you can benefit from the properties of exchange rates n several ways.

ETH is widely traded across the world on different cryptocurrency exchanges (such as ODEM, Requitix, Shping, Play2Live, Apollo, AQwire); therefore, it can be easily sold and purchased by the individuals by using fiat or other cryptocurrencies.

A cryptocurrency exchange facilitates the trading of cryptocurrencies, in exchange for other assets such as fiat money or another digital currency, and delivers the coins to the customer's crypto - wallet.

Triple Dice Exchange is an online trading platform that services clients of all types who are in the market for the buying and selling of Bitcoin, as well as of altcoins and other fiat currencies.

* oddly enough, at Coinbase, major cryptocurrency vs. fiat pairs, such as USD - BTC or USD - LTC routinely trade at a sizable premium over those quoted at other exchanges, despite the fact that Coinbase has quite sizable trading volume.

You can buy LSK tokens at various exchanges using fiat currencies such as US dollars (USD), Australian dollars (AUD) or euros (EUR).

Exchanging cryptocurrency back to fiat is precisely the same as the above process, but with the currencies reversed.

If the supply of that commodity is limited (e.g., no more gold to make coins can be mined), then the ability to manipulate the currency price (exchange rate) downward by varying the quantity in circulation (as occurs with quantitative easing in fiat currencies) is no longer an option.

It must be said that existing cryptocurrencies do not all fulfill the characteristics of fiat money as a medium of exchange.

The Blockbid Exchange will have the largest number of cryptocurrencies listed as well as the largest variety of fiat pairs, with security and customer support as its central focus.

People can buy bitcoins from such exchanges using fiat currencies like the dollar or the euro or by using other cryptocurrencies as well.

There is really no economic or financial justification for that as gold and fiat currencies have the value that is ascribed to each as a medium of exchange.

The following methods of sending fiat currency to exchanges for Litecoin purchase are as follows:

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.

You can sell blockchain assets for fiat such as USD on crypto exchanges.

They print bills, and auction them off in exchange for dollars, pay their public employees in this currency (let's ignore the minimum wage), and demand taxes and land payments in this fiat currency, as well as demand a minimum wage from the companies in their pseudo-governmental system, and generally establish this fiat legal tender as the currency of choice for their people, eventually stamping out the dollar.

Remember, you might need bitcoin to be able to start trading on a cryptocurrency exchange as most do not accept fiat money (if you do not have any other cryptocurrencies).

Such offerings involve the opportunity for individual investors to exchange fiat currency or cryptocurrencies in return for a digital asset labeled as a coin or token.

Ethereum exchange platforms cater to major fiat payments, such as USD, EUR, GBP, JPY, and other notable currencies.

The exchange also supports fiat payments in USD and EUR deposits while allowing fiat withdrawals as well.

As a part of the FuzeX Ecosystem, the FuzeX Exchange (or a third - party partner exchange) will accept various cryptoassets and pay issuers (who will then pay merchants) in local fiat curExchange (or a third - party partner exchange) will accept various cryptoassets and pay issuers (who will then pay merchants) in local fiat curexchange) will accept various cryptoassets and pay issuers (who will then pay merchants) in local fiat currencies.