Sentences with phrase «cryptocurrencies as a means»

Others, however, such as angel investor and entrepreneur Naval Ravikant, have praised cryptocurrency as a means of escaping the oppression «from oligarchs and tyrants.»

One example is companies have used cryptocurrency as a means to evade taxes since it isn't classified as money.

Since then, the value has been on a steady rise as more and more people, merchants and nations recognize the cryptocurrency as a means of transacting business.

While corporations can accept cryptocurrencies as a means of payment or value exchange, Hoffmeyer believes they have limited application for corporates, unlike blockchain technology.

Venezuela's President Maduro has ordered government services to accept cryptocurrencies as a means of payment.

We were supporting other cryptocurrencies as a means of depositing of course (using services such as ShapeShift) but these all converted to mBTC going into the users» balances.

The new draft law will define the term «money surrogates», and also determine penalties for the use of cryptocurrencies as a means of payment.

Germany won't tax bitcoin users for using the cryptocurrency as a means of payment, the Ministry of Finance has said.

As more people continue to learn about the blockchain technology and accept cryptocurrencies as a means of payment, we expect the technology to receive more government attention.

In addition to trading the dominant cryptocoins, one of CryptoHawk's primary essence also lies in further establishing and promoting the acceptability of cryptocurrencies as a means of payment in the society across all industries and sectors; from the standard trading of cryptocurrency on exchanges to making a purchase in the local retail store using any recognized coin.

Another important information coming from South Korea today is that WeMakePrice, a South Korean Mall, is going to accept twelve different cryptocurrencies as a means of payment.

A cybersecurity firm has warned that North Korea is launching hacking attacks to accrue bitcoins and other cryptocurrencies as a means of circumventing the stiff sanctions brought against the country by the United Nations.

Indeed, using cryptocurrencies as means of payment remains a problem that Cointed wants to eliminate.

It lends credibility to blockchain as a profoundly impactful technology and to cryptocurrency as a means of distributing power to individuals.

Since the payment services act went into effect and legalized cryptocurrency as a means of payment in April, crypto exchanges are required to register with the FSA.

While the Malaysian government has reportedly given the green light to legalize the use of Bitcoin within the country, the Ukrainian and Indonesian central banks have declared that they refuse to recognize the cryptocurrency as a means of payment.

Trading has increased significantly, so has the use of cryptocurrencies as a means of payment.

Last month, the director of the central bank's Digital Currency Research Institute pitched the idea of a state - run cryptocurrency as a means to stabilize the yuan.

These laws came into effect on April 1 2017, along with the Payment Services Act recognizing cryptocurrencies as a means of payment, granting them the same legal status as any other currency.

Earlier this year in April, Japan passed a long discussed law that recognizes Bitcoin and other cryptocurrencies as means of payment that «are not legal currency», as Japan's Payment Services Act reads.

«By accepting cryptocurrencies as means of payment and with the possible implementation of the blockchain technology in our finances, we want to position ourselves as an innovation driver in the tourism industry,» she added.

Japan supports some cryptocurrencies as a means of payment.

That's the reason why people is speculating about eBay adding cryptocurrencies as a means of payment.

The founding of this new ice business model joins a growing number of small - scale businesses that are trusting cryptocurrencies as a means of payment.

The news is a welcome development in the growth of cryptocurrencies as means of payment rather than speculative assets.

Duhaime further elaborated that the end goal would be to stop fentanyl drug dealers from using cryptocurrency as a means of business by barring all users from sending digital coins to these wallet addresses.

And that, on the one hand, will allow the ICO participants to receive the super profit, on the other hand, to use other cryptocurrencies as means of payment within the system until the development of final product takes place and that neutralize negative effect of altcoin growth in relation to basic cryptocurrency.

Not exact matches

The app is marketed as a digital wallet that would allow users to store cryptocurrencies independently of an exchange, meaning users can access their money if things go wrong at the exchange.

«The criminal profits were also laundered via cryptocurrencies, by means of prepaid cards linked to the cryptocurrency wallets which were used to buy goods such as luxury cars and houses,» Europol said in a statement.

The Internal Revenue Service views bitcoin and other cryptocurrencies as property, meaning profits from transactions are subject to capital gains tax.

This means covering stories of the moment such as the boom in cryptocurrencies like Bitcoin, and the «initial coin offering» craze that has enabled firms to raise more than $ 1 billion in 2017 alone.

Investors who sold or even traded bitcoin last year owe taxes since the IRS views cryptocurrencies as property, meaning transactions are generally taxed.

Moiseev and Skorobogatova reiterated the position expressed earlier by central bank head Elvira Nabiullina that cryptocurrencies should not be used nor treated as a conventional means of payment.

Russian officials have previously suggested that decentralized cryptocurrencies should not be used as a conventional means of payment and that their owners should be subjected to a value - added tax; President Vladimir Putin himself has stated that they «can not be a store of value.»

If cryptocurrency gains acceptance as a means of exchange, it's sure to raise the ire of governments hungry for revenue from sales taxes.

That means if someone is paying you in cryptocurrency, you still have to pay taxes on it as you would income because bartering property for services is a taxable activity.

The way the cryptocurrency is set up means that it becomes harder to mine Bitcoin as time goes by, with a cop of 21 million Bitcoins.

The US Commodity Futures Trading Commission has released a new advisement cautioning investors that tax season may be used as a means of lending authenticity to cryptocurrency scams.

This means that cryptocurrency is one step closer to mainstream adoption as anyone with an iOS or Android device can now play this game.

Cryptocurrencies are digital currencies (meaning there's nothing to hold in your hand) that circulate without a central repository such as the Federal Reserve.

Among other things, this means that a payment made using cryptocurrency is subject to information reporting to the same extent as any other payment made on property.

Investigators are said to be taking a good look at Bitcoin and its underlying technology, as a means of measuring cryptocurrency's overall risk to central banking and traditional financial institutions, while also assessing whether or not regulatory measures are necessary.

As cryptocurrency crowdfunding is new it does not yet enjoy the same protection which means any involvement carries as much risk as opportunity for an investoAs cryptocurrency crowdfunding is new it does not yet enjoy the same protection which means any involvement carries as much risk as opportunity for an investoas much risk as opportunity for an investoas opportunity for an investor.

We don't know yet whether this price volatility will stop cryptocurrencies from catching on as a commonly used means of payment.

Nikolaos Panigirtzoglou, JP Morgan tellurian markets strategist, stated last December, that cryptocurrency will expected benefit widespread acceptance as a legitimate means of remuneration and magnitude of wealth.

Cryptocurrencies are decentralized digital currencies designed to work as a means of exchange.

These are non-trivial continuing compliance obligations which are of fundamental relevance for cryptocurrencies — keeping in mind that a blockchain is traditionally the back - end of a fully automatic system designed to facilitate the instantaneous peer - to - peer transfer of digital property (meaning it's likely to be classed as «interstate commerce»).

Since trade done using cryptocurrencies means that cryptocurrencies behave as a source of value similar to that of the US Dollar, they are also taxable according to the rule of law just like any other privately owned property is in the US.

As part of the decree, cryptocurrency mining and other related operations are not considered entrepreneurial activities, which means that anyone is free to take part in transactions and exchanges.

Whenever uncertainty hits a region or particular market, fiat currency users often revert to gold as a means of securing their wealth, just as cryptocurrency enthusiasts turn to the perceived stability of bitcoin.