Sentences with phrase «as means of exchange»

More comprehensive definitions have been attempted by the EBA in 2014 (European Banking Association) and the Banca d'Italia, which both define Bitcoin as «a digital representation of value that is neither issued by a central bank or public authority nor necessarily attached to a fiat currency, but is used by natural or legal persons as a means of exchange and can be transferred, stored or traded electronically».

They can also serve as means of exchange and storage of value.

If we take the example of bitcoin, the value revolves around the people's acceptance of it as a means of exchange.

Given its use as a means of exchange in many online and in - person payment gateways, it seems to be an easy jump to call it money just like the U.S. dollar or Japanese yen.

The Bitcoin price has little to do with the demand for the currency as a means of exchange, and instead the demand is coming from those who are speculating on the price of this cryptocurrency.

Cryptocurrencies are therefore not considered as official South African tender nor is it widely accepted as a means of exchange or payment.

The bitcoin token is used to reward miners and also as a means of exchange of value on the network.

IPS tokens will also be used as a means of exchange in copyright smart - licenses; the increase in high - quality content on the ecosystem will lead to an increase in demand for the tokens.

A currency fulfills three well - defined purposes: to serve as a means of exchange, store of value, and unit of account.

The advent of bitFlyer's bitcoin Visa prepaid card may signal a turning point in the East Asian bitcoin community: until now, cryptocurrency in East Asia has served less as a means of exchange and more as a trading asset, as previously reported by Bank Innovation.

Precious metals may have been the first and last good to become universally adopted as a means of exchange, but this was a slow process that took centuries if not millennia, whereas the usage of cryptocurrencies has exploded in just a few short years.

If cryptocurrency gains acceptance as a means of exchange, it's sure to raise the ire of governments hungry for revenue from sales taxes.

Advantages to both parties created by the Ven as the means of exchange for the transaction include greater international pricing stability and an implied carbon offset resulting from the basket of carbon futures, commodities and leading currency components which determine ongoing Ven values.

it must be acceptable to all its users as a means of exchange.

The announcement comes within weeks after Minister of State for Finance Arjun Ram Meghwal stated the use of virtual currencies is not authorized as a means of exchange by the RBI, and after Deputy Governor Shri R. Ghandi suggested that confidence will only be placed in a virtual currency issued by an authority.

In my last post in this series, I observed that an economy's «base» money serves as the «raw material» that commercial banks and other private - market financial intermediaries employ in «producing» deposits of various kinds that can themselves serve as means of exchange.

A crypto currency is an alternative currency that is designed to serve as a means of exchange between people and businesses that are willing to accept them.

Cryptocurrencies are decentralized digital currencies designed to work as a means of exchange.

««Virtual currencies» means a digital representation of value that is neither issued by a central bank or a public authority, not attached to a legally established currency, which does not possess the legal status of currency or money, but is accepted by natural or legal persons as a means of exchange or for other purposes, and can be transferred, stored or traded electronically.

If cryptocurrency gains acceptance as a means of exchange, it's sure to raise the ire of governments hungry for revenue from sales taxes.

Back in 2014, he wrote a Financial Times op - ed in which he criticized the virtual currency for being «unsuitable as a means of exchange» and said it was only attractive for two reasons: anonymity — as desired by money launderers and tax evaders — and speculation.

Networking is something most people do to some extent, particularly as a means of exchanging information.

The white paper and video both point to «hypercube routing» as a means of exchanging data.

Some, such as the original cryptocurrency Bitcoin, are created simply to exist as a means of exchanging value - similar to a fiat currency such as dollars or yen - but to be outside the control of a central bank.

It is also very convenient for partners to use altcoin as means of payment for traffic, as means of exchanging for other cryptocurrencies and also as perfect store value instrument.

Not exact matches

The app is marketed as a digital wallet that would allow users to store cryptocurrencies independently of an exchange, meaning users can access their money if things go wrong at the exchange.

Japan this year became the first country to regulate exchanges at the national level, part of a government effort to exploit financial technology as a means of stimulating the economy.

This news release contains forward - looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, that are intended to be covered by the «safe harbor» created by those sections.

This doesn't mean, of course, that everyone will heed the rule, especially as an IRS investigation revealed that only 802 customers of Coinbase, a popular digital currency exchange, filed a 8949 form related to Bitcoin - related activity in 2015.

The statements contained in this press release include forward - looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including, without limitation, statements regarding the company's or management's expectations regarding the business, as well as events that could have a meaningful impact on the company's revenues and cash resources.

Certain of the matters discussed in this release constitute «forward - looking statements» within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, both as amended by the Private Securities Litigation Reform Act of 1995.

«Parent Trading Price» shall mean the average closing sales price of one (1) share of Parent Common Stock as reported on the New York Stock Exchange for the ten (10) consecutive trading days ending on the date that is two (2) trading days immediately preceding the Closing Date (as adjusted as appropriate to reflect any stock splits, stock dividends, combinations, reorganizations, reclassifications or similar events).

If you choose to offer ownership equity in your business, your family member (acting as an investor) should be treated the same way you would treat any other equity investor, this means they will be exchanging capital for a percentage of ownership, or stake, in your business.

Opinion polls showed that voters had opposed privatization at the outset (as did the press and many Conservative back benchers), but the Conservatives pointed out that Tony Blair rode to victory in part by abandoning «Clause Four» of the Labour Party's 1904 constitution, advocating state control over the means of production, distribution and exchange.

Bitcoin got an unexpected endorsement this week - federal authorities signaled they view the digital currency as a legal means of exchange and legitimate payment alternative.

in the case of our directors, officers, and security holders, (i) the receipt by the locked - up party from us of shares of Class A common stock or Class B common stock upon (A) the exercise or settlement of stock options or RSUs granted under a stock incentive plan or other equity award plan described in this prospectus or (B) the exercise of warrants outstanding and which are described in this prospectus, or (ii) the transfer of shares of Class A common stock, Class B common stock, or any securities convertible into Class A common stock or Class B common stock upon a vesting or settlement event of our securities or upon the exercise of options or warrants to purchase our securities on a «cashless» or «net exercise» basis to the extent permitted by the instruments representing such options or warrants (and any transfer to us necessary to generate such amount of cash needed for the payment of taxes, including estimated taxes, due as a result of such vesting or exercise whether by means of a «net settlement» or otherwise) so long as such «cashless exercise» or «net exercise» is effected solely by the surrender of outstanding stock options or warrants (or the Class A common stock or Class B common stock issuable upon the exercise thereof) to us and our cancellation of all or a portion thereof to pay the exercise price or withholding tax and remittance obligations, provided that in the case of (i), the shares received upon such exercise or settlement are subject to the restrictions set forth above, and provided further that in the case of (ii), any filings under Section 16 (a) of the Exchange Act, or any other public filing or disclosure of such transfer by or on behalf of the locked - up party, shall clearly indicate in the footnotes thereto that such transfer of shares or securities was solely to us pursuant to the circumstances described in this bullet point;

For purposes of this Charter, an «independent director» means a director who (1) is «independent» in accordance with the provisions of Rule 10c - 1 (b)(i) promulgated under the Securities Exchange Act of 1934, as amended (the «Exchange Act»), and (2) meets the NASDAQ Stock Market, Inc. definition of «independent director» as determined by the Board.

The relative value of a country's currency is directly tied in to forecast interest rates in one country versus another, which means that we could continue to experience volatility in the foreign - exchange market (where currencies trade in relation to one another) over the summer as well.

What followed was the introduction of the Graph API, which was the means by which Facebook would facilitate the data exchange, and as you can see on an old Facebook developer page, Facebook was willing to give away just about everything:

As suggested by Forbes, the first thing which could send Bitcoin skyrocketing is increased adoption as a conventional currency — meaning as both a store of value and medium of exchangAs suggested by Forbes, the first thing which could send Bitcoin skyrocketing is increased adoption as a conventional currency — meaning as both a store of value and medium of exchangas a conventional currency — meaning as both a store of value and medium of exchangas both a store of value and medium of exchange.

As part of the decree, cryptocurrency mining and other related operations are not considered entrepreneurial activities, which means that anyone is free to take part in transactions and exchanges.

It shall be unlawful for any broker, dealer, or exchange, directly or indirectly, to make use of the mails or any means or instrumentality of interstate commerce for the purpose of using any facility of an exchange within or subject to the jurisdiction of the United States to effect any transaction in a security, or to report any such transaction, unless such exchange (1) is registered as a national securities exchange under section 6 of this title, or (2) is exempted from such registration upon application by the exchange because, in the opinion of the Commission, by reason of the limited volume of transactions effected on such exchange, it is not practicable and not necessary or appropriate in the public interest or for the protection of investors to require such registration

The companies that do not meant the requirement for the purpose of trading of the Toronto Stock exchange trade thought the TSX venture exchange therefore this type of securities are known as a higher risk stocks.

The platform is regarded as one of the safest crypto exchanges, and that means its customer support may sometimes be overwhelmed.

Both money proper and money substitutes serve as generally accepted means of exchange.

In general, this means that although gold or silver ETF shares may trade on exchanges elsewhere, as long as the metal is held physically in London, these would be considered loco London and form part of the LBMA's monthly statistics.

This strategy is commonly known as Pairing and most often used along with corporations in binary options traders, investors and traditional stock - exchanges, as a means of protection and to minimize the associated risks.

This means that if you do trade your crypto for «stuff», you have to report every exchange as a sale of your crypto and calculate the gain / loss on that sale, just as if you had sold the crypto for cash.

As Ari Paul says, you may not be able to optimize a cryptocurrency both for the unseizable store of value «digital gold» use case and the low fee means - of - exchange proposition.

The soft cap of $ 8 million means the Exchange will proceed as outlined in the White Paper, with the funds generated going towards the blockchain mining center.