Sentences with phrase «backed by any central government»

Most digital currencies are not backed by any central government, meaning each country has different standards.

Councils will have greater powers to champion their residents» rights without being held back by central government targets, under new plans unveiled today.

Bitcoin isn't backed by a central government and is traded over virtual exchanges, usually overseas.

Not exact matches

Derivatives trading is the culmination of a wild year for bitcoin, which captured imaginations and investment around the world, propelled by its stratospheric gains, and its anti-establishment mission as a currency without the backing of a government or a central bank, and a payment system without a reliance on banks.

Unlike modern fiat money, Bitcoin, which has often been called «cash for the Internet,» is not controlled or backed by any bank or central government authority, like the Federal Reserve, for example.

To address the rapid direction toward cashlessness, one option being tabled by the central bank is a government - backed virtual currency called the ekrona.

Bitcoin proponents like the fact that it and a host of other currencies generated by computer programs are not backed by a government or central bank, and that their value fluctuates only according to demand.

Their underlying worth is determined by the central banking system and the government, through a series of federal guarantees, the setting of interest rates and so on (money used to be backed by physical gold in Fort Knox, but that hasn't been the case since the 1970s).

Unlike traditional currencies, Bitcoin operates without central authority or banks and is not backed by any government.

Stewart Dougherty is back with scathing commentary about the big mining companies — Barrick, Newmont, Goldcorp, etc — and their unwillingness to fight the obvious intervention in the gold and silver markets by western Central Banks and Governments.

Friedman himself argued back in the 1950s that all expansion of the money supply should come from central bank financed government deficits rather than from new credit creation by the banking system.

And therefore, those are the sorts of concerns, clearly as bond investors we have to have in the back of our mind because while we're still very much supported by central banks continuing to buy government bonds, the Fed [US Federal Reserve] has announced that it is beginning now to not only end the taper, that ended some time ago, they are potentially selling bonds back into the market.

Think about this for a moment: the U.S. dollar is backed by a Government and Central Bank, both of which are technically bankrupt.

Cryptocurrencies are sometimes exchanged for U.S. dollars or other currencies around the world, but they are not currently backed nor supported by any government or central bank.

Are depressions caused by panics leading to a loss of confidence in the system because a few key areas have failed, and if we patch those up using government / central bank help, everything will go back to normal?

The fund invests primarily in government - backed securities with sovereign rating that accounts for 70 % of portfolio followed by Central Government Loan and Net Current Assets at 16 % and 13 % resgovernment - backed securities with sovereign rating that accounts for 70 % of portfolio followed by Central Government Loan and Net Current Assets at 16 % and 13 % resGovernment Loan and Net Current Assets at 16 % and 13 % respectively.

Government bonds — Bonds issued by a central government in developed markets are often termed «risk free» given they are backed by the credit of the gGovernment bonds — Bonds issued by a central government in developed markets are often termed «risk free» given they are backed by the credit of the ggovernment in developed markets are often termed «risk free» given they are backed by the credit of the governmentgovernment.

The currency is not backed by any country's central bank or government.

PT SSS was founded by Abdul Rasyid, whose track record of forest crimes in Central Kalimantan stretches back to the late 1990s; in 2000, he was named by the Indonesian Government as one of the top 18 illegal logging bosses in the country.

As I understand it the Central Bank prints money, or creates it in a computer and uses it to buy back Government Bonds held by banks and other financial institutions.

«They are not backed by governments or central banks,» states an advertisement on London's Tube trains for the...

Cryptocurrencies are sometimes exchanged for U.S. dollars or other currencies around the world, but they are not currently backed nor supported by any government or central bank.

Paper money is ultimately backed by governments that will take it in payment of taxes (and central banks that will reduce the monetary base in case of inflation).

If the present growth momentum of Bitcoin maintains its stride in days to come in terms of infrastructure, user base, trading volume, transaction volume and adoption by big financial bodies, then nothing can stop Bitcoin from posing as a big threat to the government backed fiat - currencies issued by central banks.

Billions of dollars» worth of bitcoins and other cryptocurrencies — which aren't backed by any governments or central banks — are now traded on exchanges every day.

According to him, there is a future for digital currencies, but he thinks it's essential for digital coins to get «some sort of backing» by central governments.