Sentences with phrase «consider accepting cryptocurrencies»

Not exact matches

The only real difference is that crypto exchanges accept bitcoin as a cryptocurrency, forex exchanges consider it to be a currency and options exchanges consider it to be an asset.

The German authorities justified this decision by stating that all virtual currencies such as Bitcoin will be considered a legal method of payment as long as all parties involved in the transaction accept that that cryptocurrency will be used as a means of payment.

Cryptocurrencies are therefore not considered as official South African tender nor is it widely accepted as a means of exchange or payment.

«So - called virtual currencies (cryptocurrencies such as Bitcoin) are considered equal to the legal means of payment, as long as these so - called virtual currencies have been accepted as alternative and contractual means of payment by the parties involved in the transaction and have no other purpose than being used as a means of payment.»

This is considered by the cryptocurrency and tech enthusiasts as the next big wave, which if accepted, might remain as a permanent currency for the next 50 years.