The company was the first startup to be awarded a BitLicense, a certification for virtual
currency businesses issued by the New York State Department of Financial Services.
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.
This is where a
business issues a new digital
currency online — think bitcoin — in exchange for real money.
In April, it ordered two virtual
currency marketplaces to suspend operations and
issued a «
business improvement order» to another.
Lawsky said last month that his agency plans to
issue rules for
businesses handling virtual
currencies, including a «BitLicense», which could make New York the first U.S. state to regulate virtual
currencies such as bitcoins.
Starbucks chose yen as its
issuing currency, because the coffee company has a large
business presence in Japan.
Factors that could cause actual results to differ materially from those expressed or implied in any forward - looking statements include, but are not limited to: changes in consumer discretionary spending; our eCommerce platform not producing the anticipated benefits within the expected time - frame or at all; the streamlining of the Company's vendor base and execution of the Company's new merchandising strategy not producing the anticipated benefits within the expected time - frame or at all; the amount that we invest in strategic transactions and the timing and success of those investments; the integration of strategic acquisitions being more difficult, time - consuming, or costly than expected; inventory turn; changes in the competitive market and competition amongst retailers; changes in consumer demand or shopping patterns and our ability to identify new trends and have the right trending products in our stores and on our website; changes in existing tax, labor and other laws and regulations, including those changing tax rates and imposing new taxes and surcharges; limitations on the availability of attractive retail store sites; omni - channel growth; unauthorized disclosure of sensitive or confidential customer information; risks relating to our private brand offerings and new retail concepts; disruptions with our eCommerce platform, including
issues caused by high volumes of users or transactions, or our information systems; factors affecting our vendors, including supply chain and
currency risks; talent needs and the loss of Edward W. Stack, our Chairman and Chief Executive Officer; developments with sports leagues, professional athletes or sports superstars; weather - related disruptions and seasonality of our
business; and risks associated with being a controlled company.
The act seeks to establish a foundation for virtual
currency businesses by providing individual states with a common regulatory guide for
issues such as licensing requirements; reciprocity; consumer protection; cybersecurity; anti-money laundering; and supervision of licensees.
* + - Interview by David Berger, CEO of the Digital
Currency Council, with Kirk Phillips, a thought leader on Bitcoin and a CPA that serves clients across the U.S. on
business issues related to Bitcoin taxation and accounting.
The amended bill also covers
businesses involved in transmitting,
issuing, or exchanging virtual
currencies.
Business and
currency issues were are other key factors in a wealthy individual's decision to buy new - build property overseas.
On 18 March 2013, the Financial Crimes Enforcement Network (or FinCEN), a bureau of the United States Department of the Treasury,
issued a report regarding centralized and decentralized «virtual
currencies» and their legal status within «money services
business» (MSB) and Bank Secrecy Act regulations.
The Australian government explains that it has taken the same approach that countries such as the United States, United Kingdom, and Canada have taken regarding digital
currency businesses because it will facilitate innovation and follow guidance
issued by the Financial Action Task Force — the international regulator for preventing money laundering, terrorism financing, and other dangers that hinder the world's financial system.
Examples of these risks, uncertainties and other factors include, but are not limited to the impact of: adverse general economic and related factors, such as fluctuating or increasing levels of unemployment, underemployment and the volatility of fuel prices, declines in the securities and real estate markets, and perceptions of these conditions that decrease the level of disposable income of consumers or consumer confidence; adverse events impacting the security of travel, such as terrorist acts, armed conflict and threats thereof, acts of piracy, and other international events; the risks and increased costs associated with operating internationally; our expansion into and investments in new markets; breaches in data security or other disturbances to our information technology and other networks; the spread of epidemics and viral outbreaks; adverse incidents involving cruise ships; changes in fuel prices and / or other cruise operating costs; any impairment of our tradenames or goodwill; our hedging strategies; our inability to obtain adequate insurance coverage; our substantial indebtedness, including the ability to raise additional capital to fund our operations, and to generate the necessary amount of cash to service our existing debt; restrictions in the agreements governing our indebtedness that limit our flexibility in operating our
business; the significant portion of our assets pledged as collateral under our existing debt agreements and the ability of our creditors to accelerate the repayment of our indebtedness; volatility and disruptions in the global credit and financial markets, which may adversely affect our ability to borrow and could increase our counterparty credit risks, including those under our credit facilities, derivatives, contingent obligations, insurance contracts and new ship progress payment guarantees; fluctuations in foreign
currency exchange rates; overcapacity in key markets or globally; our inability to recruit or retain qualified personnel or the loss of key personnel; future changes relating to how external distribution channels sell and market our cruises; our reliance on third parties to provide hotel management services to certain ships and certain other services; delays in our shipbuilding program and ship repairs, maintenance and refurbishments; future increases in the price of, or major changes or reduction in, commercial airline services; seasonal variations in passenger fare rates and occupancy levels at different times of the year; our ability to keep pace with developments in technology; amendments to our collective bargaining agreements for crew members and other employee relation
issues; the continued availability of attractive port destinations; pending or threatened litigation, investigations and enforcement actions; changes involving the tax and environmental regulatory regimes in which we operate; and other factors set forth under «Risk Factors» in our most recently filed Annual Report on Form 10 - K and subsequent filings by the Company with the Securities and Exchange Commission.
Thereafter, the House Commerce and Consumer Affairs Committee amended the bill changing the language of the exemption to exclude «persons who engage in the
business of selling or
issuing payment instruments or stored value solely in the form of convertible virtual
currency; or receive convertible virtual
currency for transmission to another location» from the licensing requirement.
Two
issues stand out for the
business community as particularly important ones to consider: inward direct investment flows from China and the continuing role of the UK as an RMB
currency hub.
The
currencies of the international partnership, trade and aid are at risk unless we stand together, with one voice, and demand that these systemic
issues be addressed,» he told the gathering of leaders from civil society organisations (CSOs),
businesses, religious bodies and diplomats.
Recent highlights include handling Lenlyn's # 196m disposal of its international
currency exchange
business, ICE, to Global Fortune 500 company, China's HNA Group; advising NorthEdge Capital and the management of Sumo Digital on the # 50m sale of Sumo Digital to Perwyn, which included handling cross-border
issues involving India; and assisting the management of Shearings Group with the sale of its
business to funds managed by Lone Star Funds.
The Queen (2016 FCA 186) dealt with the
issue of whether a taxpayer, carrying on a
business of speculating on foreign exchange
currency options, was entitled to claim an unrealized loss in relation to changes in value of the options in which it dealt.
At the same time, those international companies that have long - term plans for developing their presence on the Russian market are creating a demand for comprehensive legal services on a broad range of matters, including litigation, revision of contractual terms with
business partners (especially those with a foreign
currency element), advice on
issues relating to the sanctions, distressed assets, bankruptcy and so on.
The policy reviews that Nizam oversaw at MAS included: (1) revamp of regulatory framework on markets / recognized market operators, (2) dual
currency investments, (3) credit card solicitation rules, (4) disclosure requirements for investment products, (5) rationalisation of wholesale / retail investors, (6) extra-territorial application, (7) regulation of traded life / endowment policies, (8) civil penalty regime for market misconduct, (9) review of insider trading, (10) licensing and
business conduct
issues, (11) policies behind regulation capital markets intermediaries, (12) implementation of recommendations of Corporate Law and Regulatory Framework Committee (CLRFC).
This is
issued by the New York State Department of Financial Services, and it regulates
businesses which work with virtual
currency.
An administrator is a person engaged as a
business in
issuing (putting into circulation) a virtual
currency, and who has the authority to redeem (to withdraw from circulation) such virtual
currency.
Finally, on August 24, the SEC
issued a suspension order against American Security Resources Corp. (renamed to Bitcoin Crypto
Currency Exchange Corp.) due to statements in press releases «concerning, among other things, the company's
business transition to the cryptocurrency markets and early adoption of blockchain technology.»
Businesses covered include those «controlling, administering or
issuing a virtual
currency» with the following exemptions:
2017 saw a huge boom in companies raising money by
issuing their own digital
currencies, which are structured similarly to bitcoin, in return for funds to build their
business.
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.
One
issue holding bitcoin back from wider adoption is the lack of
businesses that accept the digital
currency as payment.
Their
business model revolves around
issuing digital tokens pegged to fiat
currency.
In a statement
issued following his state's decision to temporarily shelve further regulatory deliberations this year, he said that more time was needed to strike a balance between giving virtual
currency businesses a firm foundation and ensuring consumers are protected.
Issued last month, the FinCEN guidance requires intermediaries that handle virtual
currency to register as money services
businesses and to follow reporting and record - keeping regulations under the Bank Secrecy Act (BSA), including know - your - customer (KYC) and anti-money laundering (AML) requirements.
Central bank
issued digital fiat
currency using distributed ledger and blockchain technology is a way for governments to protect foreign
currency reserves, reduce costs, improve the ease of doing
business and a number of other benefits that can help stimulate economic growth.»
Regulation Macau's financial regulatory, the Monetary Authority of Macau (AMCM), has
issued a statement prohibiting the territory's financial institutions from providing financial services to
businesses issuing virtual
currencies or tokens.
A complementary
currency is one that supplements a national
currency without competing with it; an example would be private «money»
issued by a
business to customers as a promotion.
FinCEN warned in a guidance notice in March that those «engaged in the
business of exchange of virtual
currency for real
currency, funds, or other virtual
currency» are classified as money service
businesses and need to follow the associated rules on
issues such as money laundering.
Yesterday, the Reserve Bank of India (RBI)
issued a notice and banned all regulated entities to deal with any individual or
business dealing in virtual
currencies such as bitcoin.
Here, they have been used mostly by blockchain startups as a means to fund projects or
business ideas by
issuing digital «tokens» to subscribers who pay using mechanisms including prominent cryptocurrencies — such as bitcoin or ether — or through fiat
currency in order to acquire proprietary interests in the
business or project.