Sentences with phrase «create virtual money»
For most users of cryptocurrencies it's not crucial to understand how the procedure works in and of itself, but it is basically crucial that you understand that there's a process of mining to create virtual money.
https://411-money.com/ Not exact matches
If it became a robust community, you would undoubtedly start to see people create and trade virtual objects for real money.
By adding a digital layer, the girls «learn about online financial safety, communicating with customers via email, managing virtual money and creating dashboards on which they can track their inventory and sales.»
The Securities and Exchange Commission late last month issued its first warning for the many entrepreneurs who have been raising money by creating and selling their own virtual currencies in what are called initial coin offerings.
By contrast, a person that creates units of convertible virtual currency and sells those units to another person for real currency or its equivalent is engaged in transmission to another location and is a money transmitter.
Rather than simply create a kind of virtual points system in which the points can eventually be converted into «real» money — or used to buy goods, the way that frequent - flier points and other quasi-currencies (such as «Canadian Tire money») can — the founders of Bitcoin want to create a completely separate and virtual monetary system.
They make a distinction between centralized virtual currencies and decentralized ones (here targeting Bitcoin), «a person is a money transmitter under the regulations if he or she creates units of convertible virtual currency and sells them to a third party for real currency or its equivalent.
However, it held that American entities who generate «virtual currency» such as bitcoins are money transmitters or MSBs if they sell their generated currency for national currency:»... a person that creates units of convertible virtual currency and sells those units to another person for real currency or its equivalent is engaged in transmission to another location and is a money transmitter.»
The central bank does this by firstly creating a batch of new money, not by printing actual bank notes, but by simply crediting its own bank account electronically with an amount of virtual new money.
Bitcoins are encrypted virtual money created by computer programmers and not backed by any country or government.
Fantasy Football is all about using your football knowledge and skill to create your Dream11 team within a budget of 100 credits in virtual money.
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Considering this fact, a software allow traders to create a demo account with virtual money instead of making deals with real money.
We created a game which users can convert their money to virtual money but they also can withdraw 90 percent of their money back anytime.
Additionally, through a virtual Strut Your Mutt Challenge, supporters can raise money to help homeless pets in their own communities or for national programs that help to create sweeping changes for homeless pets everywhere.
You specifically agree not to: (1) share your account credentials with anyone else, (2) sell, offer to sell, rent, lease, trade or otherwise transfer your account, (3) sell, offer to sell, rent, lease, trade or otherwise transfer any «Gold» or other virtual currencies, game resources, in - game services like «speed - ups,» or other in - game items associated with your account (collectively, «In - Game Items»), except by using mechanisms within the Game that anticipate and specifically allow for the non-commercial transfer of In - Game Items, (4) buy, offer to buy, accept, access or use any other user's account or In - Game Items, except by using mechanisms within the Game that anticipate and specifically allow for the non-commercial transfer of In - Game Items, (5) link to or otherwise endorse or identify any websites, organizations, or persons that sell, offer to sell, rent, lease, buy, offer to buy, accept, access, trade or otherwise transfer accounts or In - Game Items, and (6) create or permit to exist an interest or arrangement of any kind, which in substance secures the payment of money or performance of any obligation or gives a creditor priority over unsecured creditors, over any of your rights with respect to the Game, your Game account or In - Game Items.
This type of simulators permits users to create their portfolio based on real stock entries to train them while using virtual money.
HB436, first filed in mid-January, aims to create an exception from money transmission requirements for «persons conducting business using transactions conducted in whole or in part in virtual currency».
As reported by CoinDesk last month, New Hampshire's HB 436 seeks to create a regulatory exception for persons «using transactions conducted in whole or in part in virtual currency» who may otherwise be considered money transmitters under current laws.
The team understood that monetizing the virtual coins by turning them into real money was an opportunity for developers and users to create a new stream of revenue.
A person that creates units of this convertible virtual currency and uses it to purchase real or virtual goods and services is a user of the convertible virtual currency and not subject to regulation as a money transmitter.
By contrast, a person that creates units of convertible virtual currency and sells those units to another person for real currency or its equivalent is engaged in transmission to another location and is a money transmitter.
«Application of FinCEN's Regulations to Persons Administering, Exchanging, or Using Virtual Currencies»), FinCEN stated that «a person that creates units of convertible virtual currency and sells those units to another person for real currency or its equivalent is engaged in transmission to another location and is a money transmitter.Virtual Currencies»), FinCEN stated that «a person that creates units of convertible virtual currency and sells those units to another person for real currency or its equivalent is engaged in transmission to another location and is a money transmitter.virtual currency and sells those units to another person for real currency or its equivalent is engaged in transmission to another location and is a money transmitter.»
When a cryptocurrency startup firm wants to raise money through an ICO, it usually creates a plan on a whitepaper that states what the project is about, how much money is needed to undertake the venture, what type of money is accepted, how much of the virtual tokens the pioneers of the project will keep for themselves, what need (s) the project will fulfil upon completion, and how long the ICO campaign will run for.
When a cryptocurrency startup firm wants to raise money through an Initial Coin Offering (ICO), it usually creates a plan on a whitepaper which states what the project is about, what need (s) the project will fulfill upon completion, how much money is needed to undertake the venture, how much of the virtual tokens the pioneers of the project will keep for themselves, what type of money is accepted, and how long the ICO campaign will run for.
The letter continues that the FBI has created «numerous intelligence products related to virtual currency,» and works closely with its regulatory partners in money laundering, computer crimes and intellectual property to address any threat posed by virtual currency.
Fantasy Football is all about using your football knowledge and skill to create your Dream11 team within a budget of 100 credits in virtual money.