Sentences with phrase «as for 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.

Not exact matches

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.

But as I live in the real world, I buy gold, even though I am optimistic we'll get through this rough patch; because I simply don't trust the bas * % * ds who are driving this ship with 100 % of my money in dollars, or any fiat currency, for that matter.»

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

«Our BOSS Revolution international money transfer business routinely utilizes digital assets to generate liquidity in fiat currencies for our disbursement agents as part of our transaction settlement process,» said Alfredo O'Hagan, senior vice president of IDT's consumer payments business.

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.

When we launched Abra as a platform for enabling money transfer and payments using bitcoin, users immediately started giving us feedback that Abra was now their go - to method to convert between fiat and bitcoin.

The commission is usually 6 % and may vary as per the country to which money is transferred and the fiat currency used for the transaction.

People use it for standard blockchain - related procedures, such as lifting a smart contract, but it also has the capability, technologically speaking, of being used as currency, in the way of fiat money.

Russell Lamberti: Yeah my website, ETM macro advisors website is www.etmmacro.com and I am starting a new newsletter called the macro outsider, and you can sign up for it for free on www.etmmacro.com and you'll get a free essay called «The real currency war» which is subtitled «monopoly money vs real money» and essentially there I just go into a lot of what we've spoken about today in terms of chronic malinvestment, the weakness of fiat currency reserve systems, and then ultimately where I think the real currency war is, which is in centralized vs. decentralized money, and I talk a little bit about cryptocurrencies there as well, so that's www.etmmacro.com you can sign up for that free newsletter.

I believe we're headed for mainstream adoption as consumers continue to lose confidence in «fiat» government money.

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.

As they come in different sizes (or denominations), they can also act as a substitute for paper money in case of the fiat system collapsAs they come in different sizes (or denominations), they can also act as a substitute for paper money in case of the fiat system collapsas a substitute for paper money in case of the fiat system collapse.

In other words, if bitcoin has a future, it probably lies in giving gold a run for its money as a hedge against the fiat money.

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.

Constitutionally, for purposes of Article I, Section 10, a county or town is part of a state, and hence, is constitutionally prohibited from issuing fiat money just as a state government is prohibited from doing so.

As there are hundreds of altcoins available waiting for you to swap your fiat money for the cryptocurrency, Motta recommends that you «become a sponge and learn as much as possible about the space.&raquAs there are hundreds of altcoins available waiting for you to swap your fiat money for the cryptocurrency, Motta recommends that you «become a sponge and learn as much as possible about the space.&raquas much as possible about the space.&raquas possible about the space.»

The industry is still young and admittedly stratified, lacking the seamless interoperability that blockchain can supposedly attain, so bitcoin acts as a funnel for fiat money into the greater altcoin market.

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.

A Bitcoin Exchange or Digital Currency Exchange is a business that allows customers to trade digital currencies for other assets such as conventional fiat money or other digital currencies.

That's the reason why it's now possible for institutions to participate in Bitcoin trading in general, as they are only able to trade in fiat money based markets, such as Bitcoin Futures.

Such a revolutionary change in what people use as money may never happen, but at least there is now competition for fiat currencies.

It can also be exchanged for traditional currencies and can act as alternatives to national fiat money and commodities like gold.

For many of those who purchased coins, cryptocurrencies represent not just a way to make money, but the future of payment systems as we know them, not to mention a way to counter what these diehards often view as an overly powerful collection of central governments with the ability to have an outsized effect on traditional fiat currencies.

RBI's interest in their own cryptocurrency is due to the «rapid changes in the landscape of the payments industry along with factors such as emergence of private digital tokens and the rising costs of managing fiat paper / metallic money,» which they cite as the impetus for central banks around the world to introduce «fiat digital currencies.»

The option of IQN exchange into any other cryptocurrency or fiat money is very welcoming for IQeon users as it provides them with the real chance to earn by playing their favorite games.

For example, when the government of Zimbabwe started issuing more money, the situation eventually snowballed into one where no - one trusted the value of the currency — so, it collapsed as a form of fiat currency.

This panel could lead to heavy debates, as an advocate for the preservation of fiat money will be joined by an early Bitcoin investor, a financial journalist and a parliamentary aide to Greek SYRIZA MP Betty Skoufas.

However, the actual conversion of cryptocurrency into fiat money is classified as a «supply of services,» so the party acting as an intermediary for the exchange is not taxed.

Users can use available tokens for money remittances or can exchange them for inner MMR tokens local fiat currencies through an agent system or use as payment for goods and services.

Notably, when the customer inserts the fiat currency into a Lamassu machine, their money is first converted into Bitcoin, which is then processed as a purchase of metal for Bitcoin.

The startup plans to use bitcoin as a container for transferring money in various fiat currencies.

How to Deposit / Withdraw Money from Binance As Binance does not support fiat currency, there is no option for depositing or withdrawing money from BinMoney from Binance As Binance does not support fiat currency, there is no option for depositing or withdrawing money from Binmoney from Binance.

How to Deposit / Withdraw Money in Binance Using PayPal As it does not support fiat currency, there is no option for depositing, withdrawing, or otherwise transferring money using PayPal on BinMoney in Binance Using PayPal As it does not support fiat currency, there is no option for depositing, withdrawing, or otherwise transferring money using PayPal on Binmoney using PayPal on Binance.

When one of the users pointed out that fiat currencies can also be used for illegal activities such as money laundering, tax evasion, terrorist funding, and drug purchases, Gates said that the necessity of a physical presence makes illicit activities and transfers more difficult:

The Bitcoin can be exchanged for either fiat money (legal tender) or other alternative cryptocurrencies such as Ethereum.

From the very start, cryptocurrencies used a system for fiat money as a basis and changed it a bit considering decentralization and pseudonymity.