Sentences with phrase «bitcoin as a legitimate currency»

According to the budget documents, the federal government stated that it doesn't recognize bitcoin as a legitimate currency, but it does address the fact that the digital currency is growing in popularity and usage.

Not exact matches

Its token, which the company says will initially be pegged to the value of one U.S. dollar, strives to become a legitimate medium of exchange, a true crypto - currency as opposed to a crypto - commodity, like Bitcoin.

Bitcoin has soared more than 1,600 percent this year as people rush to buy the digital currency in the hope it will become a legitimate alternative to gold or traditional money.

Although the lack of jurisdiction over Bitcoin and its links to money laundering and illicit marketplaces have raised more than a few eyebrows, the currency offers a simple way for legitimate businesses such as small retailers and professional service providers to accept payments for international sales without facing onerous credit card fees or exchange - rate surcharges.

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.

Despite the rumors for a centralized digital currency, China's central bank governor Zhou Xiaochuan said that the country, which still does not recognize Bitcoin as a legitimate payment method, is not in a hurry to issue its own digital currency.

Bitcoin, despite its ongoing internal strife, is very useful as permissionless global money, and has a legitimate shot at becoming a global reserve and settlement currency.

With its growing acceptance as a legitimate currency, the International Standards Organization (ISO) has since designated bitcoin's notation as XBT.

A new designation has moved bitcoin closer to being widely considered as a legitimate currency, but it also brings new regulations for users.

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.

Matthew O'Brien, a renowned American author, and journalist for The Atlantic described Bitcoin as a «tech stock,» claiming that its volatility rate doesn't represent a legitimate currency.

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.

With its growing acceptance as a legitimate currency, the International Standards Organization (ISO) has since designated bitcoin's notation as XBT.

Luno regards Bitcoin as the most popular and legitimate digital currency.

With its growing acceptance as a legitimate currency, though, the International Standards Organization (ISO) decided to designate bitcoin's notation as XBT.

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.

Since some people no longer believe that fiat currency is a legitimate store of value, modern forms of tangible money are seeing record price levels, such as Bitcoins and (electronic statements of) gold and silver holdings.

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.

China's central bank governor Zhou Xiaochuan said last Friday that the country does not recognize digital currencies such as Bitcoin as legitimate forms of payment.

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 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.