Sentences with phrase «cryptocurrencies as a means of payment»

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.

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.

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

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.

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.

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

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.»

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

Thus, the creator declares and promises their backers that their product will (or already does) accept KickCoins as a means of payment, at a rate of conversion listed on cryptocurrency exchanges.

Cryptocurrencies can give you access to any good or service on the condition the vendor chooses to accept it as a means of payment.

The FCA states that it does not currently regulate cryptocurrencies themselves (i.e. those designed primarily as a means of payment / exchange).

Neither Apple Store nor Google Play Market considers bitcoin or any other cryptocurrency as a possible means of payment.

ARK is a Lisk - forked cryptocurrency intended for broad consumer adoption, offering features like a smartcard as a means of payment, InterPlanetary File System (IPFS) integration, and cross blockchain transactional capacities.

Bank of Japan Governor Haruhiko Kuroda said on Tuesday cryptocurrencies likely won't threaten legal tenders like the yen any time soon as they are mostly used for speculative trading, rather than as payments and settlement means.

For starters, the volatility of the currency has led to some legitimate companies refusing to accept it as a means of payment — meaning that they're off - limits to those who only want to pay with cryptocurrency.

The long - awaited bill, which goes into effect on April 1, still does not recognize bitcoin as a currency, but it has accepted that bitcoin and other cryptocurrencies have «asset - like values» that can be used «as payment to indefinite parties for the cost of purchase or rent of items or receipt of services and which can be transferred by means of electronic data processing systems,» explained Bitflyer exchange.

Russia's Finance Ministry said on Thursday it was working on legislation to regulate cryptocurrency transactions without fully banning them or legalising digital FX as a means of payment in Russia.

The legislation follows a series of pro-cryptocurrency moves from the Japan Diet: If you recall, Japanese lawmakers signed a landmark bill early this year that recognize cryptocurrencies like bitcoin as a method of payment «for the cost of purchase or rent of items or receipt of services and which can be transferred by means of electronic data processing systems.»

The Bitcoin is no longer shelved, some of the largest companies in the world are beginning to accept cryptocurrencies such as Bitcoin as a means of payment.

The primary goal of CryptoHawk is to transform the cryptocurrency trade exchanges and boost the acceptability of cryptocurrency as a recognized means of payment across all platforms, markets and industries.

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.

As the first instance of ZenCash being used as a direct means of payment, without the need for conversion into another cryptocurrency or fiat currency, we believe that this is a critical step forward in making Zen more widely and easily accessible to a broader user basAs the first instance of ZenCash being used as a direct means of payment, without the need for conversion into another cryptocurrency or fiat currency, we believe that this is a critical step forward in making Zen more widely and easily accessible to a broader user basas a direct means of payment, without the need for conversion into another cryptocurrency or fiat currency, we believe that this is a critical step forward in making Zen more widely and easily accessible to a broader user base.

But the government is not planning to ban cryptocurrencies as a daily means of payment or for investors.

To increase cryptocurrency acceptance as a means of payment, Bithumb, a cryptocurrency exchange in South Korea partnered with Korea pay to provide more than 8,000 stores with cryptocurrency payment option

Furthermore, starting from 1 January 2018, issuing, trading and using illegal means of payment, including bitcoin and other cryptocurrencies, may be subject to prosecution, as amended to the penal code of Vietnam in 2017.

The State bank of Vietnam (SBV) has published a decree announcing cryptocurrency as an unlawful means of payment.

The rise of NFC payment technology, Blockchain and Cryptocurrencies mean that talk of cashing a check or carrying a money clip will instantly mark out parents as being, like, totally ancient.

«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 exchange bug and related fallout come at an interesting time for cryptocurrency relations in Japan, which recently announced it as an accepted means of payment.

This famous cryptocurrency could be used not only as a means of payment, but also as a storage of value.

As the world of cryptocurrency matures, and transitions from a mere investment vehicle to being used to make real - world payments, IOTA's unique approach and free transaction fees, especially for micropayments, mean it's well positioned.

The cryptocurrency is not recognised as a means of payment by the official structures: banks do not accept it and Chinese financial system does not protect bitcoin owners in the case of stock exchange crisis.

This statement may, of course, be easily interpreted as a means of promoting Ripple — a far - from - decentralized cryptocurrency which aims to help traditional financial institutions settle cross-border and domestic payments — while, at the same time, putting down its primary competitor.

I do wonder if the volatility of the cryptocurrency actually makes it difficult for more conventional organizations to accept it as a viable means of payment.

Not only that, but with bitcoin adoption strong in Japan and South Korea, with retailers and e-commerce providers accepting bitcoin as a means of payment, it is demonstrating the steady movement that the cryptocurrency is making into the real world.