Sentences with phrase «by central banking authorities»

Not exact matches

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.

For starters, here's an overly simplified explanation of Bitcoin: It's a digital currency (there are more than 800 now) that isn't controlled by a central authority such as a government or bank.

The European Central Bank (ECB) stopped all payments by one of Latvia's largest lenders on Monday, after its liquidity position collapsed in the wake of allegations from U.S. authorities.

So by definition the Federal Reserve Bank of Atlanta is the central banking authority of every bank in the greater Sarasota - Bradenton regBank of Atlanta is the central banking authority of every bank in the greater Sarasota - Bradenton regbank in the greater Sarasota - Bradenton region.

This might mean, for example, that the central bank would need to run a more stimulative policy than it would have otherwise to offset the effect of macroprudential policies, and the macroprudential authority would impose more stringent measures than it would have otherwise to counteract the leverage and risk taking generated by looser monetary policy.

Authorities suspended initial public offerings, introduced a $ 120 billion market stabilization fund backed by the central bank, and encouraged executives to buy company shares.

The idea here is essentially to work out how to set up cross-border mutual - fund type structures to invest in bonds issued by regional governments and quasi-government authorities, and to show the way with a modest amount of central bank money.

The authorities responded to the sell - off, which began in June, by introducing a 120 billion renminbi, or $ 20 billion, market stabilization fund that is backed by the central bank.

The intervention was carried out by the foreign exchange trading desk at the New York Fed, operating in coordination with the European Central Bank (ECB) and the monetary authorities of Japan, Canada, and the United Kingdom.

If that sounds similar to how Bitcoin bills itself — as a cryptocurrency that «uses peer - to - peer technology to operate with no central authority or banks; managing transactions and the issuing of bitcoins is carried out collectively by the network,» — you're on the money.

Closing Remarks by John Hurley, Governor of the Central Bank & Financial Services Authority of Ireland

««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.

According to the Wall Street Journal, Chinese bitcoin exchanges would be required to collect information to identify customers as well as to install systems «for collecting and reporting suspicious trading activity to authorities; China's central bank would be in charge of handling violations by the exchanges.»

«Bitcoin uses peer - to - peer technology to operate with no central authority or banks; managing transactions and the issuing of bitcoins is carried out collectively by the network.

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

This report is the result of a coordinated research effort by the central banks of Canada, Italy, Japan, the United Kingdom and the United States and the Bank for International Settlements on the determinants of market liquidity and on how central banks and other public authorities influence these determinants.

And it notes the European Central Bank's (ECB) report «Virtual Currency Schemes» (October 2012) worrying that «virtual currency schemes -LSB-...] could represent a challenge for public authorities, given the legal uncertainty surrounding these schemes, as they can be used by criminals, fraudsters and money launderers to perform their illegal activities.»

The Swedish central bank has increased policy rates by 85 basis points to 3.75 per cent, while the Swiss authorities have increased their target band by 175 basis points to between 3 and 4 per cent.

The financial market is further regulated by other authorities like the Ministry of Economy Planning, The Central Bank of the UAE, and the Emirates Securities and Commodity Exchange.

«As there is no central operator,» he points out, «the network participants are responsible for implementing local regulatory requirements, including KYC [Know Your Client], AML filtering, etc., as required by the respective banking regulators or other authorities.»

During a meeting with Taiwan's legislative arm Monday, central bank governor Yang Chin - long was questioned over how the banking authority would address the current «opacity» in bitcoin trading in the country, as highlighted by the -LSB-...]

Some would argue that by acting cautiously on balance sheet normalization (without actively countering impacts of ECB policy measures), Fed policymakers have partially ceded control of financial conditions to foreign monetary authorities, but the same can be said about other central banks as well, for long - term rates are correlated among advanced economies:

Cryptocurrencies are decentralized — free of government control or commercial banks, but the «J Coin» would be issued by a central authority.

A non-standard monetary policy — or unconventional monetary policy — is a tool used by a central bank or other monetary authority that falls out of line with traditional measures.

Speaking to TV3 Thursday on concerns raised by the Mental Health Authority regarding government's failure to advance funds to health facilities under its umbrella, Mr. Agyeman - Manu said there appears to be cash flow challenges from the central bank.

Bitcoins, created in 2009, are an international virtual currency that are traded online and not regulated by banks or a central authority.

Regulation of forex trading in Dubai is carried out by the Central Bank of UAE, and licensing of brokers is performed by the Securities and Commodities Authority (SCA).

KBI Global Investors Ltd. is regulated by the Central Bank of Ireland and subject to limited regulation by the Financial Conduct Authority in the UK.

During a meeting with Taiwan's legislative arm Monday, central bank governor Yang Chin - long was questioned over how the banking authority would address the current «opacity» in bitcoin trading in the country, as highlighted by the recent price plunge, according to Taiwan's Central News central bank governor Yang Chin - long was questioned over how the banking authority would address the current «opacity» in bitcoin trading in the country, as highlighted by the recent price plunge, according to Taiwan's Central News Central News Agency.

Secondly, they are global instruments, not national ones and they are funded using Bitcoin, Ethereum and other cryptocurrencies which are not controlled by any central authority or bank.

Since Bitcoin isn't controlled by a central bank or regulatory authority, your funds can't be frozen and future withdrawals can't be prevented.

To be sure, bitcoin is hot, but its bigger importance is what it represents: An emerging alternative to central - bank - issued currencies, governed not by a centralized authority but by a combination of math, consensus and clever code.

On Tuesday 2 August, I had the privilege of attending an event hosted by the Monetary Authority of Singapore (Singapore's financial services regulator and central bank).

He said there should be a distinction between digital currencies, which were being studied and developed by authorities such as the Chinese central bank, and digital tokens such as bitcoin.

«Bitcoin uses peer - to - peer technology to operate with no central authority or banks; managing transactions and the issuing of bitcoins is carried out collectively by the network.

Indonesian authorities are investigating the use of bitcoin in the holiday island of Bali, amid warnings by the central bank in Southeast Asia's biggest economy over the risks posed by virtual currencies, an official said.

Representatives of the Indonesian central bank and the national police force on the island have teamed up to investigate cases of cryptocurrency trading deemed illegal by authorities in Jakarta.

Nigerians must understand that adequate notice has been issued by all financial sector regulatory authorities, namely Central Bank of Nigeria, CBN and Nigerian Deposit Insurance Corporation, NDIC, to warn Nigerians who want to trade in bitcoins as gamblers.»

It was clearly stated by the central banker that, «creation, trading or usage of VCs including bitcoins, as a medium for payment are not authorised by any central bank or monetary authority.

As reported by CCN, Portugal's central bank, Bank of Portugal, has in the past stated that bitcoin has no legal tender in the country, nor a central authority controllingbank, Bank of Portugal, has in the past stated that bitcoin has no legal tender in the country, nor a central authority controllingBank of Portugal, has in the past stated that bitcoin has no legal tender in the country, nor a central authority controlling it.

Speaking at a banking industry event in Singapore today, Ravi Menon — managing director of the Monetary Authority of Singapore (MAS), Singapore's central bank, said he hoped blockchain technology would not be «undermined» by a tumbling of the cryptocurrency ecosystem once the hype is eroded.

Traditional money — be it the pound sterling, the U.S. dollar, or the Chinese renminbi — is governed by a central bank, a central authority.

One politician even called for a national digital asset trading platform over a blockchain that would be overseen by the central bank and other authorities.

At present as well, the creation, trading and usage of these cryptocurrencies, including Bitcoins, as a medium for payment are not authorised by any monetary authority or central bank.

Tharman Shanmugaratnam, Singapore's deputy prime minister and minister in charge of the central bank, was speaking at a parliamentary session on Monday when he was asked by MP Foo Mee Har about how authorities could enforce anti-money laundering laws and counter-financing of terrorism (AML / CFT) laws on cryptocurrency transactions with a specific focus on bitcoin.

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».

According to a Sunday report by the Financial News, a newspaper run by China's central bank, authorities are reportedly lining up a number of regulatory measures to further a crackdown on the cryptocurrency industry.

The Nigerian Deposit Insurance Corporation (NDIC) has moved to warn retail investors that the authority will not afford any insurance cover to those dealing with cryptocurrencies, or indeed any digital currencies not issued by the country's central bank.