Sentences with phrase «currency business deemed»

In August, a slew of bitcoin companies cut off service to New York rather than apply for a BitLicense, the regulatory hall - pass created by the NYDFS to cover digital - currency business deemed «money transmitters.»

Not exact matches

We do, however, anticipate entering into foreign currency exchange contracts for purposes of hedging foreign exchange rate fluctuations on our business operations in future operating periods as our exposures are deemed to be material.

Businesses or institutes in finance in South Korea are not allowed to own or invest in services that are not deemed by the FSC to be financial services or services, and are therefore not allowed to own virtual currencies.