Sentences with phrase «as unit of account»

The huge volatility of the price of cryptocurrencies — with respect to either traditional currencies or to a basket of goods and services — has made use of cryptocurrencies as a unit of account impractical.

The ledger uses bitcoin as its unit of account.

«A stablecoin is an asset that has price stability characteristics that make it suitable for short - term and medium - term use as a unit of account and store of value.

One, as a store of value; two, as a medium of exchange; three, as a unit of account.

It explains that cryptocurrencies can be traded digitally and used as unit of account.

Havven will offer a digital method of payment that fulfils the same three functions that traditional forms of money and asset - ownership do: act as a unit of account, a medium of exchange, and as a store of value, states the company.

This ideal cryptocurrency would achieve the following properties of a currency, namely, be used for transactions and payments, act as an asset or store of wealth and used as a unit of account.

It also represents a significant step toward widespread adoption of Bitcoin as a unit of account suitable for global trade, with no geographic, political or monetary restrictions.

As a unit of account, we now have virtual currencies using blockchain technology beginning to compete with government currency.

As a unit of account, bitcoin is as good as anything.

The Goldman Sachs authors also conclude that these factors «clearly illustrate that Bitcoin as a unit of account and medium of exchange is nowhere near as favourable as it first appears.»

In August 2013, the German Finance Ministry characterized bitcoin as a unit of account, [93][260] usable in multilateral clearing circles and subject to capital gains tax if held less than one year.

There have been plenty of cryptocurrencies over the years, and they have all exhibited potential for storing value, operating as a unit of account and proving a reliable medium of exchange.

But calories do work well as units of account, which means that it's too early to write them off.

The central banking chief said that Bitcoin and its peers are poor stores of value, inefficient media of exchange, and virtually non-existent as units of account.

Not exact matches

The disclosure of the unit comes as the Communist government pressures YouTube Inc. and Facebook Inc. to remove videos and accounts seen damaging the reputations of leaders or promoting anti-party views.

Data from ESAC show that as of February 2011, digital distribution accounted for 6 % of sales by revenue — but 35 % of sales by unit.

In economics jargon: deflation is harmful when a currency is used as an an economy's unit of account.

The bill defines virtual currency as «a digital representation of value that can be digitally traded and functions as a medium of exchange, a unit of account, or a store of value but does not have legal tender status as recognized by the United States government.»

According to the IRS, «Virtual currency is a digital representation of value that functions as a medium of exchange, a unit of account, and / or a store of value.

At only two pages, the concise bill is not very substantive, save for a brief classification of «virtual currency» as «any type of digital representation of value that; 1) Is used as a medium of exchange, unit of account or store or value; and 2) Is not recognized as legal tender by the United States government.»

Wide swings in the price of bitcoins vis á vis other things will obviously tend to suppress its utility as a store of value or unit of account.

«At this time, the general judgment is that their volatile valuations, and inadequate investor and consumer protection, make them unsafe to rely on as a common means of payment, a stable store of value or a unit of account,» the report said.

Bitcoin is considered a «unit of account» and citizens are free to trade it, as they wish.

Besides the traditional functions of money (store of value, medium of exchange, unit of account), international exchange rates give a new dimension to currencies with several different ways of profiting from them (with the risk of losing money as well).

On 6 August 2013, Federal Judge Amos Mazzant of the Eastern District of Texas of the Fifth Circuit ruled that bitcoins are «a currency or a form of money» (specifically securities as defined by Federal Securities Laws), and as such were subject to the court's jurisdiction, [274][274] and Germany's Finance Ministry subsumed bitcoins under the term «unit of account» — a financial instrument — though not as e-money or a functional currency, a classification nonetheless having legal and tax implications.

The customer acquires the virtual currency «bitcoin» which in the opinion of the Bundesanstalt für Finanzaufsicht (BaFin)(Federal Financial Supervisory Authority) are units of account and therefore regarded as financial instruments pursuant to § 1 para. 11 KWG.

As the value of a «whole» Bitcoin increased, to be useful for day to day transactions, people started accounting in smaller units.

His 1875 work, «Money and the Mechanism of Exchange,» defines the four functions of a currency: as a medium of exchange, a measure of value (or unit of account), a standard of deferred payment, and a store of value.

To accomplish that, the bill adds a definition of virtual currency to the state's money services statute (8 V.S.A. § 2500 et seq.): «stored value that (A) can be a medium of exchange, a unit of account, or a store of value; (B) has an equivalent value in money or acts as a substitute for money; (C) may be centralized or decentralized; and (D) can be exchanged for money or other convertible virtual currency.»

For one thing, as we have seen in section I, the Whiteheadian account introduces the idea of the synthetic unit as the fundamental unit of nature.

Those who regard the account as a compound of two literary units may deal with the scribes at the redactional level (asking why the church found it instructive to juxtapose healing with a conflict over forgiveness involving the religious authorities).

Bookies aren't stupid and that's why they have Real Madrid as favourites, but that doesn't account for the spirit in the Atletico Madrid camp and their ability to perform as a unit greater than the sum of its parts.

Despite appearances, One Born Every Minute — a popular «structured reality» account of life in an NHS maternity unit — is just as removed from our daily reality.

The unit of analysis is the city - region, in which a complex networked dimension could account for different currently established socio - territorial structures, such as small nations (the Basque Country, Scotland and Catalonia), metropolitan cities (Dublin, Portland, Liverpool and Manchester), cross-border regions (Oresund) and small states (Iceland).

If England were included as a single unit, since it accounts for more than 80 per cent of the population, federalism might create instability worse than that which it sought to correct.

Under her leadership, numerous reforms agenda of the Federal Government had been undertaken such as the Voluntary Assets and Income Declaration Scheme (VAIDS), implementation of Treasury Single Account, implementation of Whistleblower Policy, establishment of an Efficiency Unit, establishment of Development Bank of Nigeria, launch of Asset Tracking and Management Project, and introduction Fiscal Sustainability Plans for States, among others.

Roughly 10 percent of those property owners account for 48 percent of the 3,265 cluster units in the city, which in turn recorded 56 percent of the 1,119 «high priority» health, fire, building and code violations at cluster sites as of September, a report by Stringer's office found.

Dangote, whose cement unit is Nigeria's biggest listed company, has been investing in agriculture as the country's government seeks to diversify away from oil, which accounts for 90 percent of the nation's export earnings and the bulk of revenue.

«As individual units small businesses may appear to be small, but together they account for as much as 50 per cent of Nigeria's GDP and over 80 per cent of our labour forcAs individual units small businesses may appear to be small, but together they account for as much as 50 per cent of Nigeria's GDP and over 80 per cent of our labour forcas much as 50 per cent of Nigeria's GDP and over 80 per cent of our labour forcas 50 per cent of Nigeria's GDP and over 80 per cent of our labour force.

But, as its own constitution suggests, that's exactly what it is: «The Scottish Labour party is registered with the Electoral Commission as an Accounting Unit (AU) of the UK Labour party and is therefore not a registered political party under the terms of the Political Parties, Elections and Referendums Act 2000.»

Lesson presentations for the AS Business Unit 5 of Finance and Accounting Topics included are Business finance, forecasting and managing cash flow, costs and break - even and accounting funAccounting Topics included are Business finance, forecasting and managing cash flow, costs and break - even and accounting funaccounting fundamentals.

As part of our unit on maintaining a check register, students complete an online checkbook simulation that includes 20 entries representing three days» worth of account activity.

SB 64 by state Sen. Carol Liu, D - Pasadena, would streamline the accounting process by establishing a priority for the method of reimbursement - setting the unit rate as the preferred option.

If increasing popularity in sport / utilities extends to 2021, the new Mazda crossover could account for up to half of the new plant's 300,000 - unit per year production, with Toyota shifting Corolla capacity between that plant and Blue Springs, as needed.

The Z28 was re-introduced, as a model and not a RPO, to the buying public in the spring of 1977 as a 1977 1/2 in response to dramatically increasing sales of Pontiac's Trans Am, which sold over 46,000 units in 1976 and accounted for half of all Firebird sales that year.

As a share of units sold, e-books account for two to three times the revenue figures, because e-books are sold at a deep discount to paper editions.

«Assuming that competing tablets from other vendors do arrive in the second half of the year as expected, we believe that the iPad will account for a significant portion - but not all - of the projected 11 million units.

«Assuming that competing tablets from other vendors do arrive in the second half of the year as expected, we believe that the iPad will account for a significant portion - but not all - of the projected 11 million units,» ABI Principal Analyst Jeff Orr said in a statement.

The report also found that 75 % of the most prolific e-readers are women, with romance the best - selling genre, accounting for more than twice the number of units as the next best - selling category - fiction.