Sentences with phrase «cryptocurrency payments in the country»

Not exact matches

A Bloomberg article suggests that cryptocurrency's big breakthrough in the country occurred in 2016, when scammers conducting a long - running Ponzi scheme known as MMM began demanding payment in bitcoin because the government had started targeting their bank accounts.

Countries like Vietnam have threatened that accepting payments in cryptocurrency will incur heavy fines.

Interestingly, with the FIFA World Cup right around the corner, many major hotels in the country have stated that they will accept cryptocurrency payments for hotel bookings!

The Bitcoin Exchange and Trading Services (cryptocurrency and a digital payment system) industry is indeed a large internet based industry and pretty much active in countries such as United States of America, United Kingdom, France, Italy, Nigeria, South Africa Japan, China, Germany, and Canada et al..

Cryptocurrency exchange Bithumb has partnered with Korea Pay's Services, a mobile payment operator in the country, in a move that could bring crypto payments to over 8,000 merchants across the country by the end of the year.

«I order the payment of consular services in all embassies and consulates of the Bolivarian Republic of Venezuela in the world, [and] all consular services in the country, in the petro currency or in any cryptocurrency,» said President Maduro.

The deVere CEO concludes: «Robust regulation that is devised, implemented and enforced by international financial regulators will mean further protection for the growing number of people using cryptocurrencies, the less likely it will be that criminals will use these digital payment methods, the less potential risk there will be for the disruption of global financial stability, and the more potential opportunities there will be for higher economic growth and activity in those countries which introduce it.»

Litepay's website says it will be available in 41 countries, but it remains an open question as to as to how widely businesses will accept the new payment system, and more crucially,, how many consumers will opt to pay with this new, potentially more straightforward cryptocurrency - based method.

Popular South Korean cryptocurrency exchange Bithumb is partnering with digital payment service provider Korea Pay Services (KPS) to pave the way for widespread digital asset adoption in the country.

Taiwanese airline FAT Taiwan Inc. (Far Eastern Air Transport) recently announced that it will accept bitcoin payments, becoming the first airline in the country to accept cryptocurrency for tickets in a growing trend.

Cryptocurrency exchanges are not allowed in Namibia under a decades - old law, and merchants in the African country may not accept them as payment for goods and services, the nation's central bank has said.

Bank Indonesia governor Agus Martowardojo also said in October that Bitcoin is not a valid form of payment in the country, and that users of the cryptocurrency «would be dealt with».

According to revised payment services laws that went into force in April 2017, when Japan made bitcoin a nationally accepted cryptocurrency, any virtual currency exchange that wants to do business in the country or solicit its citizens needs to be licensed with Japan's Financial Services Agency (FSA).

Stephen Pair, the CEO at BitPay, a cryptocurrency payment processor that is responsible for handling bitcoin payments made to Newegg, also stated that the demand for cryptocurrencies from users in Canada has increased over the past few years, and Newegg's integration of bitcoin would allow the adoption rate of bitcoin to grow throughout the country.

Cryptocurrencies have become a more popular means of payment in advanced countries.

South Korean cryptocurrency exchange Bithumb, the largest in the country, announced today it has formed a strategic partnership with South Korea's largest accommodation app, Good Choice (여기어때), to make it possible to book accommodations and make payments with cryptocurrencies through Bithumb.

Regulations vary by country and also by your type of involvement in cryptocurrencies (mining, trading, receiving payment, investing etc..)

While some countries, such as China, have chosen to outlaw payments made in cryptocurrency altogether and rumors of a similar crackdown in South Korea had enough power to rock Bitcoin prices, others, such as Sweden and Denmark, welcome trading.

About DEEX Exchange: DEEX is the first ever decentralized financial exchange that provides individuals a reliable and convenient platform to quickly trade, buy or sell cryptocurrencies with the most popular payment methods for the fiat currencies available in the country of his / her residence.

This week saw officials in India indicate that they will be introducing regulations to completely eliminate payments with cryptocurrency in their country, and they made it official that India does not recognize Bitcoin as a legal tender.

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.»

But while Bitcoin and other cryptocurrencies being used in Chechnya as an «innovative payment network» is probably still a long way off, Kadyrov has shown the rest of the world that it is not illegal to buy cryptocurrency in Russia, and in an Islam - dominated part of the country, nonetheless.

The State Bank of Vietnam (SBV), Vietnam's central bank, has ruled that cryptocurrencies like bitcoin are prohibited as a method of payment in the country.

Four days have passed since the State Bank of Vietnam had announced that cryptocurrencies are illegal means of payment in the country.

Its use in making payments is small, and trading volumes of cryptocurrencies in Singapore are also not high — they are much smaller than in countries like the U.S., Japan and South Korea.»

Emerging Markets Cryptocurrency has become increasingly popular in India these days and now one of the country's leading payment service providers, Billdesk, has created an exchange to meet the needs of India's rising bitcoin demand.

Just last week, the PBoC's Beijing branch reportedly issued a notice to local payment services requiring them to investigate and stop serving cryptocurrency traders in the country.

Cryptocurrency has become increasingly popular in India these days and now one of the country's leading payment service providers, Billdesk, has created an exchange to meet the needs of India's rising bitcoin demand.

Shanmugaratnam noted that the use of cryptocurrency for payments in Singapore is limited and trading volumes are much smaller than in countries like Japan and South Korea.

«The reason cryptocurrency is so popular among sex workers is because in so many countries, if you try to get payments in a clean way they will ban sex workers.

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.

Japanese government approval certainly helps too, with the country's Financial Services Agency announcing earlier this year that they would allow payment for goods and services in Bitcoin as well as granting licenses to a number of cryptocurrency exchanges.

The whitepaper states 58 percent of the funds will be used for developing payment system which includes linking offline business to the payment system, implementing payment solutions within the Autounit system, put in an option to make payments inside the ecosystem via other cryptocurrencies and open branches of the bank in other countries.

Revised in April 2017, the new payment services law prohibits unregistered cryptocurrency exchanges from operating in the country.

San Francisco - based Coinbase has now received an e-money license by the Financial Conduct Authority (FCA), the UK's financial regulator, enabling the cryptocurrency exchange to provide payment - and electronic money services as cash alternatives to customers in the United Kingdom and 23 countries within the European Union.

Coinbase has been graced with an opportunity to be the first cryptocurrency exchange platform to get licensed as an e-money payment platform in the United Kingdom as well as in 23 more countries within the European Union.

236 Japanese Stores Now Accept Cryptocurrencies Recent moves by some of Japan's biggest retailers to accept cryptocurrency payments means that some 236 stores in the country now accept bitcoin and other currencies, per Segye Ilbo.

The news marks the first time that regulators in Japan have issued a warning over a cryptocurrency services company since April last year, when the country legalized bitcoin as a payment method.

The official went on to reveal a robust bitcoin ecosystem in the country that sees the cryptocurrency utilized as a payment method, in financial services and even startups carving a space into a new industry altogether.

Uznay Vse details Burger King Russia accepting bitcoin payments is one the first initial steps towards mainstream merchant services accepting cryptocurrencies in the country.