Sentences with phrase «by virtual currency platforms»
According to the report, because cryptocurrency exchanges and wallet providers are under no obligation to identify suspicious activity, terrorist groups are able to transfer money into the EU's financial system, taking full advantage of the degree of anonymity provided by virtual currency platforms.
https://www.ethnews.com/ Not exact matches
FinTech Trends The launch of the blockchain - enabled asset trading platform Nasdaq Linq, Goldman Sachs» filing of a patent for a securities settlement system based on a new virtual currency called SETLcoin, and the continued rise of blockchain banking consortium R3 all point to a race by financial institutions to harness the power of the blockchain.
a fact - finding inquiry into the policies and practices of platforms used by consumers to trade virtual or «crypto» currencies.»
The liquidity and utility of KickCoins will be provided by the possibility of using this virtual currency on the KICKICO platform as payment for various services.
At that moment, IAP was not natively supported by the Windows Phone platform, so we used a framework developed by Microsoft specifically for Xbox LIVE games, and paying for these was done with Microsoft Points, a virtual currency used in the Xbox ecosystem.
When a user engages in a payment transaction utilizing our virtual currency for the purchase of a virtual or digital good from a Platform developer, we reduce the user's virtual currency balance by the price of the purchase, which is a price that is solely determined by the Platform developer.
Likewise, the Treasury of the United Kingdom stated that they are «working to address concerns about the use of cryptocurrencies by negotiating to bring virtual currency exchange platforms and some wallet providers within anti-money laundering and counter-terrorist financing regulation.»
In short, China is aware that virtual currency trading still exists despite its best efforts to curb it domestically, and it now plans to step up enforcement by purposefully blocking access to certain sites and platforms.
The crypto community appears to have largely welcomed Facebook's new policy, with many bitcoin veterans viewing social media as an advertising medium embraced by Ponzi schemes and opportunists seeking to cash in on the speculative boom surrounding virtual currencies will little intention of delivering robust services or platforms.
It states that «there is a risk that virtual currency transfers may be used by terrorist organisations to conceal transfers», prompting the Commission to extend «the scope of the AMLD to include virtual currency exchange platforms.»
A Treasury spokesman, quoted by the Telegraph, said on Sunday: «We intend to update regulations to bring virtual currency exchange platforms into Anti-Money Laundering and Counter-Terrorist Financing regulation.»
Uphold, the well - known platform and virtual currency exchange based in the cloud has recently decided to break through new horizons and possibly attract new clients and investors by including the digital coin Ripple (XRP) on their platform.
«Any proposed federal regulation of virtual currency platforms should be carefully tailored to the risks posed by relevant trading activity and enhancing efforts to prosecute fraud and manipulation.»