Sentences with phrase «currency on behalf of others»
The regulatory change will address, among others, anyone conducting business with virtual currencies, including maintaining control of virtual currency on behalf of others.
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The company would have to file a notice with the regulatory department; pay a registration fee of $ 250; provide evidence of registration with FinCEN as a money services business; agree to not invest or pledge virtual currency in its custody or control on behalf of others or to engage in the exchange or transfer of legal tender; and prove its policies for reporting, disclosures, and compliance.
At the same time, there are fresh concerns about the security of bitcoin and other virtual currencies after NiceHash, a company that mines bitcoins on behalf of customers, said it is investigating a breach that may have resulted in the theft of about $ 70 million worth of bitcoin.
To the extent a Licensee secures, stores, holds, or maintains custody or control of Virtual Currency on behalf of another Person, such Licensee shall hold Virtual Currency of the same type and amount as that which is owed or obligated to such other Person.
Our firm developed unique litigation theories and winning arguments that helped recover tens of billions of dollars on behalf of our clients related to residential mortgage - backed securities and other structured financial products, including collateralized debt obligations, credit default swaps, structured currency derivatives, structured notes, equity derivatives, and other more exotic derivatives.
Starting on March 19, the US government has «prohibited U.S. persons from all transactions related to, provision of financing for, and other dealings in, any digital currency, digital coin, or digital token issued by, for, or on behalf of» the Venezuelan government, Bitfinex detailed.
«All transactions related to, provision of financing for, and other dealings in, by a United States person or within the United States, any digital currency, digital coin, or digital token, that was issued by, for, or on behalf of the Government of Venezuela on or after January 9, 2018, are prohibited as of the effective date of this order.»