Sentences with phrase «currency business activities»

Today, BitPay submitted our response to the New York Department of Financial Services» (NYDFS) proposed regulations for virtual currency business activities, and we would like to share our themes and full response.

The proposed act claims that virtual currency business activities are similar to money transmitter services, and would require comparable regulations and licensing in order to fulfill consumer protection requirements.

According to the draft, the act's purpose is to «create a statutory structure for regulating the «virtual currency business activity» of person offering services or products to residents of enacting states.»

On January 4, 2016, Chino's application was returned without further proceeding because the DFS said it was «unable to evaluate whether [Chino's] current or planned business activity would be considered Virtual Currency Business Activity that requires licensing under the Regulation.»

Or, almost no one: «The license is not required for merchants or consumers that utilize Virtual Currency solely for the purchase or sale of goods or services; or those firms chartered under the New York Banking Law to conduct exchange services and are approved by DFS to engage in Virtual Currency business activity.»

The XRP II, LLC is registered and licensed by the New York State Department of Financial Services to engage in the Virtual Currency Business activity.

* XRP II, LLC is licensed to engage in Virtual Currency Business Activity by the New York State Department of Financial Services.

(1) Persons that are chartered under the New York Banking Law and are approved by the superintendent to engage in Virtual Currency Business Activity

The proposal, Circle said, casts a wide net over regulated digital currency firms due to its broad definition of what constitutes a Virtual Currency Business Activity (VCBA).

In accordance with the New York State Administrative Procedure Act (SAPA), the final DFS rules for virtual currency business activity have been published in the New York State Register's June 24, 2015 edition.

Final NYDFS rules for virtual currency business activity has been published in the New York State Register's June 24, 2015, edition.

Not exact matches

Such risks, uncertainties and other factors include, without limitation: (1) the effect of economic conditions in the industries and markets in which United Technologies and Rockwell Collins operate in the U.S. and globally and any changes therein, including financial market conditions, fluctuations in commodity prices, interest rates and foreign currency exchange rates, levels of end market demand in construction and in both the commercial and defense segments of the aerospace industry, levels of air travel, financial condition of commercial airlines, the impact of weather conditions and natural disasters and the financial condition of our customers and suppliers; (2) challenges in the development, production, delivery, support, performance and realization of the anticipated benefits of advanced technologies and new products and services; (3) the scope, nature, impact or timing of acquisition and divestiture or restructuring activity, including the pending acquisition of Rockwell Collins, including among other things integration of acquired businesses into United Technologies» existing businesses and realization of synergies and opportunities for growth and innovation; (4) future timing and levels of indebtedness, including indebtedness expected to be incurred by United Technologies in connection with the pending Rockwell Collins acquisition, and capital spending and research and development spending, including in connection with the pending Rockwell Collins acquisition; (5) future availability of credit and factors that may affect such availability, including credit market conditions and our capital structure; (6) the timing and scope of future repurchases of United Technologies» common stock, which may be suspended at any time due to various factors, including market conditions and the level of other investing activities and uses of cash, including in connection with the proposed acquisition of Rockwell; (7) delays and disruption in delivery of materials and services from suppliers; (8) company and customer - directed cost reduction efforts and restructuring costs and savings and other consequences thereof; (9) new business and investment opportunities; (10) our ability to realize the intended benefits of organizational changes; (11) the anticipated benefits of diversification and balance of operations across product lines, regions and industries; (12) the outcome of legal proceedings, investigations and other contingencies; (13) pension plan assumptions and future contributions; (14) the impact of the negotiation of collective bargaining agreements and labor disputes; (15) the effect of changes in political conditions in the U.S. and other countries in which United Technologies and Rockwell Collins operate, including the effect of changes in U.S. trade policies or the U.K.'s pending withdrawal from the EU, on general market conditions, global trade policies and currency exchange rates in the near term and beyond; (16) the effect of changes in tax (including U.S. tax reform enacted on December 22, 2017, which is commonly referred to as the Tax Cuts and Jobs Act of 2017), environmental, regulatory (including among other things import / export) and other laws and regulations in the U.S. and other countries in which United Technologies and Rockwell Collins operate; (17) the ability of United Technologies and Rockwell Collins to receive the required regulatory approvals (and the risk that such approvals may result in the imposition of conditions that could adversely affect the combined company or the expected benefits of the merger) and to satisfy the other conditions to the closing of the pending acquisition on a timely basis or at all; (18) the occurrence of events that may give rise to a right of one or both of United Technologies or Rockwell Collins to terminate the merger agreement, including in circumstances that might require Rockwell Collins to pay a termination fee of $ 695 million to United Technologies or $ 50 million of expense reimbursement; (19) negative effects of the announcement or the completion of the merger on the market price of United Technologies» and / or Rockwell Collins» common stock and / or on their respective financial performance; (20) risks related to Rockwell Collins and United Technologies being restricted in their operation of their businesses while the merger agreement is in effect; (21) risks relating to the value of the United Technologies» shares to be issued in connection with the pending Rockwell acquisition, significant merger costs and / or unknown liabilities; (22) risks associated with third party contracts containing consent and / or other provisions that may be triggered by the Rockwell merger agreement; (23) risks associated with merger - related litigation or appraisal proceedings; and (24) the ability of United Technologies and Rockwell Collins, or the combined company, to retain and hire key personnel.

Factory activity is shrinking in China, euro zone business growth remains weak and emerging market giant Russia is in a spiraling currency crisis.

The global economy is ending the year in a fragile state with factory activity shrinking in China, euro zone business growth remaining weak, and emerging market giant Russia in a spiraling currency crisis.

«From the date of release of this Notice, any so - called platform that provide trading and exchange services for coin offering shall not engage in exchange businesses between legal tender and token or «virtual currency»; or engage in proprietary trading activities or trading as an central counterparty of tokens or «virtual currencies»; or provide pricing services or act as information intermediary for tokens or «virtual currencies.»»

Nokia kick - started its digital health business about a year and a half ago with the $ 170 million ($ 200 million in today's currency) purchase of French smart health gadget maker Withings, which had made a name for itself in activity trackers, smart scales, blood pressure monitors and other health and fitness devices.

Furthermore, the section states that the data obtained from virtual currency holders should only pertain to an individual's businesses and trusts and must only concern the their economic activity.

«The wild fluctuations of the digital currencies along with competitive business activities underway via network marketing and pyramid scheme have made the market of these currencies highly unreliable and risky,» the central bank was quoted as saying in a Farsi report by the Iran newspaper's website.

«The wild fluctuations of the digital currencies along with competitive business activities underway via network marketing and pyramid scheme have made the market of these currencies highly unreliable and risky,» the statement said.

The Regulations extend across all virtual currency services and activities for both individuals and businesses including market - makers, mining operators, trading platforms and wallets.»

After appreciating their business, the receiver of Cryptocurrency Warning was scolded: «While reviewing your account, we noticed that your activity involves the trading or transfer of crypto currency which is prohibited under our Acceptable Use Policy.

After years in the doldrums, increased business activity and slightly rising prices are good news for the single currency area.

Bisegna is responsible for managing the foreign exchange sales and trading business and all currency trading activities worldwide for State Street Global Markets.

Bisegna is responsible for managing the foreign exchange sales and trading business and all currency trading activities worldwide for State Street Global Markets, including spot transactions, forwards, emerging markets and options trading.

«Truly innovative business models don't need to resort to old - fashioned law - breaking, and when Bitcoins, like any traditional currency, are laundered and used to fuel criminal activity, law enforcement has no choice but to act,» Bharara said.

Q - 9: Is an individual who «mines» virtual currency as a trade or business subject to self - employment tax on the income derived from those activities?

A-9: If a taxpayer's «mining» of virtual currency constitutes a trade or business, and the «mining» activity is not undertaken by the taxpayer as an employee, the net earnings from self - employment (generally, gross income derived from carrying on a trade or business less allowable deductions) resulting from those activities constitute selfemployment income and are subject to the self - employment tax.

The Royal Hawaiian resort offers cultural activities, gold standard signature concierge service, valet parking (fee); doctors - on - call, florist, currency exchange service, Japanese concierge, laundry and dry cleaning; dining service and world - class restaurants and bars, wireless internet access in rooms and all public areas, bilingual staff, 24 - hour room service, business center, and beach and pool services

24 hour Front Desk services, housekeeping, currency exchange, ATM, WiFi internet throughout, multilingual staff, room service, guest activity / recreation desk, laundry / valet service, facilities for guests with disabilities, lifts, car rental desk, fully equipped 24 hour business centre, fax & copy service, 10 meeting rooms for up to 800 people, A / V equipment rental, banqueting facilities for 1,350 people, weddings & special occasions hosted, safe boxes, luggage storage, barber shop / beauty salon, gift shop, no pets allowed and free onsite parking is possible.

Further, if a taxpayer's mining of virtual currency constitutes a trade or business, and the mining activity is not undertaken by the taxpayer as an employee, the net earnings from self - employment (generally, gross income derived from carrying on a trade or business, less allowable deductions) resulting from those activities constitute self - employment income and are subject to the self - employment tax.

In the later part of 2017, countries such as China and India both major markets for digital currencies made extensive moves to ban exchanges and ICO's while Japan and the U.S. both struggle with creating a regulatory balance that allows exchanges to do business while controlling fraud and crypto related criminal activity.

``... we can not allow businesses involved in any aspect of the sale, transaction, exchange, storage, marketing or production of cryptocurrencies, virtual currencies, and any digital assets related to an Initial Coin Offering, to use MailChimp to facilitate or support any of those activities.»

Exchanges are separate businesses and run business activities that are completely different from digital currency creators.

The Act aims to spell out which virtual currency activities are money transmission businesses, and what type of license they would require.

«The wild fluctuations of the digital currencies along with competitive business activities underway via network marketing and pyramid scheme have made the market of these currencies highly unreliable and risky,» the bank was quoted as saying.

GMO Internet Group has worked with cryptocurrency through its regular internet - based business activities by accepting digital currencies as payment as well as starting an exchange and trading service.

In his testimony today, he will argue that the Foundation saw the introduction of FinCEN's guidance on virtual currencies in March as a signal that «existing regulation covers most of the business activity taking place in the bitcoin ecosystem».

According to Maeil Business, the Ministry of Personnel Management issued a document entitled «Virtual currency holdings and transaction - related information for civil servants» stating that officials who are found to be involved in cryptocurrency trading are «in violation of the prohibition of forbearance obligations under the civil servants» law» and are subject to disciplinary actions, especially if the banned activities occur during work hours.

A-9: If a taxpayer's «mining» of virtual currency constitutes a trade or business, and the «mining» activity is not undertaken by the taxpayer as an employee, the net earnings from self - employment (generally, gross income derived from carrying on a trade or business less allowable deductions) resulting from those activities constitute self - employment income and are subject to the self - employment tax.

The prohibition is reflected in the firm's acceptable use policy which states: ``... we can not allow businesses involved in any aspect of the sale, transaction, exchange, storage, marketing or production of cryptocurrencies, virtual currencies, and any digital assets related to an Initial Coin Offering, to use MailChimp to facilitate or support any of those activities.»

Q - 9: Is an individual who «mines» virtual currency as a trade or business subject to self - employment tax on the income derived from those activities?

While it's uncertain how many cryptocurrency and ICO promoters used the email marketing service, MailChimp «can not allow businesses involved in any aspect of the sale, transaction, exchange, storage, marketing or production of cryptocurrencies, virtual currencies, and any digital assets related to an initial coin offering, to use MailChimp to facilitate or support any of those activities.»

Mailchimp reiterated its updated Acceptable Use Policy, which states that the company «does not allow businesses involved in any aspect of the sale, transaction, exchange, storage, marketing, or production of cryptocurrencies, virtual currencies, and any digital assets related to an Initial Coin Offering, to use MailChimp to facilitate or support any of those activities.»

Applicants who want to apply for virtual currency transmission will be required to reveal a lot of information like the applicant's name and principal address, prior criminal convictions, a description of the business activities, sample of the virtual currency instruments or products, and the name and address of the clearing banks involved.

Forward - looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward - looking information, including but not limited to: risks related to changes in cryptocurrency prices; the estimation of personnel and operating costs; general global markets and economic conditions; risks associated with uninsurable risks; risks associated with currency fluctuations; competition faced in securing experienced personnel with appropriate industry experience and expertise; risks associated with changes in the financial auditing and corporate governance standards applicable to cryptocurrencies and ICO's; risks related to potential conflicts of interest; the reliance on key personnel; financing, capitalization and liquidity risks including the risk that the financing necessary to fund continued development of the Company's business plan may not be available on satisfactory terms, or at all; the risk of potential dilution through the issuance of additional common shares of the Company; the risk of litigation.