Sentences with phrase «considered legal tender in the country»

Not exact matches

The watchdog based its decision on the fact that it does not consider digital currencies to be a substitute for money, as they are not legal tender in the country.

The South African Reserve Bank (SARB) has given indications that it might soon consider bitcoin as legal tender in the country.

To make things worse for an already volatile market, India's finance minister Arun Jaitley, also said that the country's government «does not consider cryptocurrencies legal tender or coin and will take all measures to eliminate use of these crypto assets in financing illegitimate activities or as part of the payment system.»

Early in February 2018, Indian Finance Minister Arun Jaitley stated that the government does not consider cryptocurrencies as legal tender and will take all measures to eliminate payments used to fund nefarious activities in the country.

In the South Asian country of India, where crypto - mania has been relatively somber and hushed, the government has announced that it doesn't consider digital currencies to be legal tender and will take measures to curb their use.

Singapore's Deputy Prime Minister Tharman Shanmugaratnam recently confirmed that cryptocurrency is not considered «legal tender» in the country.