Sentences with phrase «central authority controls»

No central authority controls it, which means that nobody can modify the monetary policy or decide to take Bitcoins away from you like the CEB did in Cyprus in 2013.

The main difference is that a central authority controls who gets it.

In an attempt to know more, ECO contacted the central bank, which didn't address Santander Totta's blockade, but instead just restated that bitcoin has no central authority controlling it, and that, given the lack of regulations, no cryptocurrency - related business has to register with the financial institution.

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 controlling it.

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.

So the recent presidential term limit abolishment could be viewed as just another way to give the central authorities greater power and control over the economy, business and markets.

Both governments, with ambitions to create state - sponsored cryptocurrencies, are looking to take advantage of the promise that Bitcoin introduced to the world financial system: a new kind of money and financial infrastructure, outside the control of any central authority, particularly the United States.

An important and useful element of the thinking at the time was the replacement of the earlier «control theory» approach to policy (i.e. the belief that the central point was to find an appropriate spot on the Phillips curve and to stay there), towards a «game theoretic» view, in which the critical issues related to behaviour — the interaction between the monetary authorities and the public.

The grand mufti elaborated on his position by stating many of the typical concerns surrounding cryptocurrencies including their cryptographically controlled issuance, lack of central authority and regulation by financial institutions, and their ability to mask users» identities.

The Central Bank authorities knew DB was going to collapse when Anshu Jain was fired in June 2015, literally about 2 weeks after DB's board had given Jain even more control over bank operations.

It is not contractually backed by assets or legal currency laws, it is not controlled by a central authority and it is not a tangible good.

Elimination of a central party or authority control over processing and single point of failure.

Trust is not dependent on one central authority; it is federated between all users, while, on some level, that may be scary for some who will need to cede control of proprietary systems of checks and balances in favor of an open, transparent approach.

Without a government or central authority at the helm, controlling supply, «value» is totally open to interpretation.

Bitcoin is a cryptocurrency, a digital asset designed to work as a medium of exchange that uses cryptography to control its creation and management, rather than relying on central authorities.

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:

Monetary policy is the process through which the monetary authority (central bank, currency board, or other regulatory committee) of a country controls the size and rate of growth of the money supply, which in turn affects interest rates.

The Financial Repression Authority (FRA) educates investors, funds and retirees on the adverse risks resulting from good - intentioned macroprudential central bank and government policies and regulations focused on controlling excessive government debt, attempting to stimulate economic growth, and minimizing the potential for financial and economic crises.

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

not controlled by any central authority like it's the case with fiat currency.

Mecca remained a city - state because Arabia had never been effectively controlled by a central authority.

Cuomo's «Open NY» proposals included making government information available on one central website and trying to establish a network and augment sites for each state agency and authority under the governor's control with uniform downloadable catalogs of agency data and search engines.

These are expected to include measures to give neighbourhoods control over local planning decisions and reducing local authorities» reliance on grants from central government - which are being cut back dramatically as a result of the spending review.

As the mayor's counsel, Perez Williams was a central figure in some of Miner's biggest confrontations, including a fight over the Civilian Review Board and a struggle for control of the Syracuse Housing Authority board.

Commenting on the Conservative Party's proposals to force local authorities to hold a referendum each time they increase council tax by more than a central government controlled level, Director of Unlock Democracy, Peter Facey said:

Pakistan's «tribal areas» which are the source of many bombings like the West Bank and Gaza Strip in Israel which is home to many bombers when this was a common occurrence in Israel, are both only weakly under the control of the central national government's authority, but it is much more practicable for Israel to wall off the areas that it does not fully control (which was the single most important policy decision that led to fewer bombings in Israel) than it is to do so in Pakistan.

A report from Amnesty International yesterday branded the militias «out of control» and acting independently of central authority.

A central irony of the mayoral control fight is that Senate Republicans and their allies in the education reform and charter school sectors are natural allies of the clear lines of authority that mayoral control guarantees.

More important than anything, though, is the need for the central conflict, represented by the battle between freedom and control, between justice and authority, between Captain America and Iron Man, to feel genuine and earned.

The elected Orleans Parish School Board (OPSB) retained authority over the system's 16 still - viable schools, an administrative domain that shrank further as several of the best schools fled central control for the greater autonomy that comes with charter status.

Free schools do not have to follow the national curriculum and are directly funded by central government, outside of local authority control.

This could include taking schools away from local authority control, converting them into academies - directly funded by central government - and putting them under the leadership of high - achieving head teachers.

They operate as academies, and like them, do not have to follow the national curriculum, can vary the pay and conditions of teachers, are directly funded by central government and are outside of local authority control.

Free schools are very similar to academies in that they do not have to follow the national curriculum, can vary the pay and conditions of teachers, are directly funded by central government and are outside of local authority control.

David Simmonds, representing the Local Government Association, cautioned that local authorities had diminishing amounts of direct control over schools - because of central government directives and targets and the shift towards academies.

The countries cited have a long tradition of central government control plus a largely homogeneous culture, whereas the United States has a diverse population and strong traditions of parental authority, limited government, and state (not federal) control of education.

That means the mayor has direct control over how the city's schools operate, and a central authority makes decisions citywide.

Particularly, in a situation such as that which exists today, where the shadow banking system responsible for much of the last few years of credit expansion is now dramatically contracting outside any possible control of the central banking authorities, there is no alternative but deflationary collapse with a concomitant moon shot in the value of the world's reserve currency v. all other asset classes.

Bitcoin is a peer - to - peer cryptocurrency, which is created and held electronically but is not printed like fiat currency and is not under the control of any central regulatory authority or bank.

In his presentation Scott discussed at one attempt to strengthen central control of environmental enforcement, the Ministry of Environmental Protection's Regional Supervision Centers (区域督查中心), and argued that China should give regional authorities more authority to make and implement policy, rather than less.

The only proper axis for evaluating things (that keeps things clear) is simple: Central Authority and Control vs. Distributed liberty and cControl vs. Distributed liberty and controlcontrol.

Anyone who takes the time to properly research the origins of the «population control» movement will come to understand that the Rockefeller - Turner-Gates agenda for drastic population reduction, which is now clearly manifesting itself through real environmental crises like chemtrails, genetically modified food, tainted vaccines and other skyrocketing diseases such as cancer, has its origins in the age - old malevolent elitist agenda to cull the human «chattel» as one would do to rodents or any other species deemed a nuisance by the central planning authorities.

a three - way dispute between an individual, a local authority and central government as to responsibility for a person subject to immigration control who has health and social care needs,

Its software runs 24/7 on a peer - to - peer network; hence, it doesn't need any central authority to control or manipulate its transactions.

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.

In fact, the Bitcoin blockchain represents the first solid, working implementation of distributed consensus — for the first time, everyone can agree on what transactions took place, and who owns what, because everything is recorded on a tamper - proof public ledger that doesn't need a central server and can't be controlled by any central authority.

What's more, there is no need for a central authority who maintains and controls the ledger.

It's not as limitless as traditional paper money, and it can not be devalued or taken away from you because there is no central authority that controls it.