Sentences with phrase «cryptocurrencies as actual currency»
On February 24, 2017, a bill defining cryptocurrencies as actual currency was approved by Japan's Cabinet Council.
http://www.the-blockchain.com/ Not exact matches
Rather than existing on a blockchain, as most have come to expect of cryptocurrencies, the E-Coins were located on QUID PRO QUO's own servers, and in spite of the Association's claim that 80 percent of the currency was backed by tangible assets, «the actual percentage was significantly lower.
If you're aren't completely sure, according to the English dictionary, a cryptocurrency is a form of digital currency, which can be used as actual funds.
The extreme volatility of the biggest cryptocurrency alone undermines its use as an actual currency, and it is also not broadly accepted, Dutch man said.
Starting with the humble beginnings of Bitcoin, cryptocurrencies have evolved into an actual economic force as more people and businesses adopt them and exchange them like any other currency.
The jump from fiat currency to cryptocurrency can be considered as an actual aspect and it could completely redefine the traditional financial base of the world.
As such, with the rapid influx of new investors and the surging price, the cryptocurrency has been looking increasingly like a store of value than an actual currency.
He also added that the introduction of any cryptocurrency regulation in the country will only promote digital currency trading, as investors will think that the watchdog already recognizes cryptocurrency as «actual» currency.