Sentences with phrase «currency exchangers»
Currency exchangers are people or businesses that help you convert one type of money into another. They give you the local currency of the country you are visiting in exchange for your own currency. Full definition
Today, there are two virtual currency exchangers registered with the BSP and several more are under evaluation.»
kryptomoney.com
By researching the exchange rate of your destination country before you go, you can save yourself from overpaying and ensure you're getting the best deal from currency exchangers.
Prepaid access devices, digital wallets and other digital currency exchangers as being subjected to reporting requirements if they contain the virtual currency equivalent of $ 10,000 or higher.
Since FinCEN issued this guidance, dozens of virtual currency exchangers and administrators have registered with FinCEN, and FinCEN is receiving an increasing number of suspicious activity reports (SARs) from these entities.
On November 30, 2016, a federal court in the Northern District of California authorized the IRS to serve a John Doe summons on Coinbase, Inc., a virtual currency exchanger.
«This ruling referred directly to banks, financial institutions and currency exchangers that work with the central bank,» Hadi Nemati, who works for cryptocurrency exchange platform Coinex, told AFP.
If the latter, you should be able to use one of the many low - cost, independent (non-bank), online, currency exchangers.
``... we will hold accountable virtual currency exchangers that violate our AML laws, wherever they are located.
The company is already negotiation with the Financial Services Agency in order to start the application process for registration as a virtual currency exchanger.
«The application process for registration as a virtual currency exchanger has already been started with the Financial Services Agency [FSA], and it is currently under review.»
The proposed amendment is unnecessary because FinCEN has already acted to include virtual currency exchangers and administrators within the coverage of the BSA [Bank Secrecy Act].
Furthermore, the Company will comply with regulations in any case, so virtual currency exchangers and administrators interested in working with PayPal in the future should secure the appropriate licenses and put anti-money laundering procedures.
eXc - Currency exchanger