Sentences with phrase «as legitimate transactions»

Still, Silk Road showed us that bitcoin could be used for criminal transactions just as well as legitimate transactions.

Not exact matches

Changing the transaction ID has legitimate uses, but can lead to a serious vulnerability if the transaction ID is used to track transactions, as some exchanges do.

Similarly, earlier this week, Bank Indonesia expressed that virtual currencies, including bitcoin, are no longer recognized as a legitimate form of payment and are forbidden for use in all financial transactions.

According to the Fair Credit Reporting Act [1], credit checks can only be conducted for legitimate business needs such as credit transactions, account review or underwriting of insurance.

Living in justice in this world as a good steward of God's bounty, maintaining privacy and yet caring for every legitimate public need, removing every vestige of exploitation, protecting the environment for today's and tomorrow's generations, and being honest in every individual transaction, all of these are covered when we push the Commandment «You shall not steal» into the very depths of our complicated and complex lives.

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«As such,» (a) requirement that the government trace each dollar of the transaction to the criminal, as opposed to the non ‐ criminal activity, would allow individuals effectively to defeat prosecution for money laundering by simply commingling legitimate funds with criminal proceeds.»&raquAs such,» (a) requirement that the government trace each dollar of the transaction to the criminal, as opposed to the non ‐ criminal activity, would allow individuals effectively to defeat prosecution for money laundering by simply commingling legitimate funds with criminal proceeds.»&raquas opposed to the non ‐ criminal activity, would allow individuals effectively to defeat prosecution for money laundering by simply commingling legitimate funds with criminal proceeds.»»

For those who might not know, a recap: Adobe Digital Editions is widely used software in the ebook trade for both library and commercial ebook transactions to authenticate legitimate library users, apply DRM to encrypt ebook files, and in general facilitate the ebook circulation process — such as deleting an ebook from a device after the loan... Continue reading After Privacy Glitch, the Ball Is Now in Our Court →

- The transaction may be perfectly legal and legitimate, but might accidentally get picked up as potential fraud by a financial monitoring system, causing the funds to be held, and your account to be flagged for further investigation, creating headaches for you until it becomes resolved.

Peter wasn't worried about doing this as the lender had sent him a seemingly legitimate invoice for the transaction.

In money laundering, cash from illegal origins (such as smuggling narcotics) is fed into a business that then repays the money back to the criminal as a salary or consulting fee or some other type of seemingly legitimate transaction.

As per the comments, many types of legitimate, multi-step financial transactions can be used for money laundering, from buying / selling candy bars on the street corner to billion dollar international real estate transactions.

Contributing factors included the civil unrest in Venezuela, the «Panama Papers» exposé — which seemed to cast an unfavorable light on legitimate cross-border business transactions as well as nefarious ones — and the US Presidential election.

Interest incurred on indebtedness has historically been deductible, (although the deduction of «personal» interest was largely eliminated in 1986), and in the 1950s a type of «leveraged insurance» transaction began being marketed that permitted an insurance owner to in effect deduct the cost of paying for insurance by (1) paying large premiums to create cash values, (2) «borrowing» against the cash value to in effect strip out the large premiums, and (3) paying deductible «interest» back to the insurer, which was in turn credited to the policy's cash value as tax - deferred earnings on the policy that could fund the insurer's legitimate charges against policy value for cost of insurance, etc..

As a part of your transaction, you must read - and accept - the certification of intended use which certifies that you have a legitimate need for this data, and that you are entitled to the information under one or more permissible uses set forth in the North Carolina Driver Privacy Protection Act.

Southeast Asian central bank, Bank Indonesia, warned in January that virtual currencies, including bitcoin, were no longer recognized as a legitimate form of payment and forbidden for use in all financial transactions.

The verdict stated that the company had a legal obligation to pay de Vries because the court ruled the transaction as legitimate.

Bitcoin is really only used for purchases in places where anonymity is valued right now, with more legitimate retail outlets such as Valve's Steam store dropping support for the cryptocurrency thanks to its volatility and high transaction costs.

Bitcoin transactions require confirmations to ensure they are verified as legitimate.

As local news media outlet Yonhap News Agency reports Tuesday, Choe Heung - sik, governor of the Financial Supervisory Service, has announced government organs will «support» all legitimate transactions in the cryptocurrency trading space.

Similarly, South East Asia's Bank Indonesia declared that virtual currencies, including bitcoin, were no longer recognized as a legitimate form of payment and are forbidden for use in all financial transactions.

Similarly, earlier this week, Bank Indonesia expressed that virtual currencies, including bitcoin, are no longer recognized as a legitimate form of payment and are forbidden for use in all financial transactions.

Although cryptocurrencies have a reputation for being used on the darknet for drug transactions and facilitating ransomware attacks, a growing number of legitimate, legal outlets accept Litecoin as legal tender.

Southeast Asian central bank, Bank Indonesia, has warned that virtual currencies, including bitcoin, are no longer recognized as a legitimate form of payment and are forbidden for use in all financial transactions.

Choe: We Want «Normal» Transactions As local news media outlet Yonhap News Agency reports Tuesday, Choe Heung - sik, governor of the Financial Supervisory Service, has announced government organs will «support» all legitimate transactions in the cryptocurrency trTransactions As local news media outlet Yonhap News Agency reports Tuesday, Choe Heung - sik, governor of the Financial Supervisory Service, has announced government organs will «support» all legitimate transactions in the cryptocurrency trtransactions in the cryptocurrency trading space.

Trading volumes in BCH / KRW pair offered by Bithumb, one of the largest cryptocurrency exchanges in South Korea, have gone up by 42 percent in the last 24 hours and currently has the highest volume at $ 1,296,300,000 ranking as number one market according to CoinMarketCap.This may be due to the fact that the Financial Supervisory Service (FSS) Governor Choe Heung - sik said Thursday that the watchdog is not considering digital tokens, such as Bitcoin, as legitimate currency and thus has no plan to supervise transactions of the cryptocurrency.

This is hurting Bitcoin's claim as a legitimate means of transaction; deterring retailers, customers, and financial institutions from adopting it as a payment method.

This may be due to the fact that the Financial Supervisory Service (FSS) Governor Choe Heung - sik said Thursday that the watchdog is not considering digital tokens, such as Bitcoin, as legitimate currency and thus has no plan to supervise transactions of the cryptocurrency.

This is typically followed by distancing the illegal proceeds from the source of the funds through layers of financial transactions, referred to as layering, and finally by returning the illegally derived proceeds to the criminal from what appears to be a legitimate source, known as integration.

The federal tax court has considered whether taxpayer entered into legitimate 1031 transactions when taxpayer used a qualified intermediary in transactions involving third parties as well as two related corporations.

«As long as the Escrowee buyer - seller is not an agent of one of the parties, and as long as there is no other misrepresentation, the use of the «double escrow» is a legitimate transaction.&raquAs long as the Escrowee buyer - seller is not an agent of one of the parties, and as long as there is no other misrepresentation, the use of the «double escrow» is a legitimate transaction.&raquas the Escrowee buyer - seller is not an agent of one of the parties, and as long as there is no other misrepresentation, the use of the «double escrow» is a legitimate transaction.&raquas long as there is no other misrepresentation, the use of the «double escrow» is a legitimate transaction.&raquas there is no other misrepresentation, the use of the «double escrow» is a legitimate transaction.»