With regards to virtual
currency regulations in Asia the leading countries are Japan and South Korea.
Secondly, how does this determination affect virtual
currency regulation in general?
Not exact matches
Important factors that could cause actual results to differ materially from those reflected
in such forward - looking statements and that should be considered
in evaluating our outlook include, but are not limited to, the following: 1) our ability to continue to grow our business and execute our growth strategy, including the timing, execution, and profitability of new and maturing programs; 2) our ability to perform our obligations under our new and maturing commercial, business aircraft, and military development programs, and the related recurring production; 3) our ability to accurately estimate and manage performance, cost, and revenue under our contracts, including our ability to achieve certain cost reductions with respect to the B787 program; 4) margin pressures and the potential for additional forward losses on new and maturing programs; 5) our ability to accommodate, and the cost of accommodating, announced increases
in the build rates of certain aircraft; 6) the effect on aircraft demand and build rates of changing customer preferences for business aircraft, including the effect of global economic conditions on the business aircraft market and expanding conflicts or political unrest
in the Middle East or Asia; 7) customer cancellations or deferrals as a result of global economic uncertainty or otherwise; 8) the effect of economic conditions
in the industries and markets
in which we operate
in the U.S. and globally and any changes therein, including fluctuations
in foreign
currency exchange rates; 9) the success and timely execution of key milestones such as the receipt of necessary regulatory approvals, including our ability to obtain
in a timely fashion any required regulatory or other third party approvals for the consummation of our announced acquisition of Asco, and customer adherence to their announced schedules; 10) our ability to successfully negotiate, or re-negotiate, future pricing under our supply agreements with Boeing and our other customers; 11) our ability to enter into profitable supply arrangements with additional customers; 12) the ability of all parties to satisfy their performance requirements under existing supply contracts with our two major customers, Boeing and Airbus, and other customers, and the risk of nonpayment by such customers; 13) any adverse impact on Boeing's and Airbus» production of aircraft resulting from cancellations, deferrals, or reduced orders by their customers or from labor disputes, domestic or international hostilities, or acts of terrorism; 14) any adverse impact on the demand for air travel or our operations from the outbreak of diseases or epidemic or pandemic outbreaks; 15) our ability to avoid or recover from cyber-based or other security attacks, information technology failures, or other disruptions; 16) returns on pension plan assets and the impact of future discount rate changes on pension obligations; 17) our ability to borrow additional funds or refinance debt, including our ability to obtain the debt to finance the purchase price for our announced acquisition of Asco on favorable terms or at all; 18) competition from commercial aerospace original equipment manufacturers and other aerostructures suppliers; 19) the effect of governmental laws, such as U.S. export control laws and U.S. and foreign anti-bribery laws such as the Foreign Corrupt Practices Act and the United Kingdom Bribery Act, and environmental laws and agency
regulations, both
in the U.S. and abroad; 20) the effect of changes
in tax law, such as the effect of The Tax Cuts and Jobs Act (the «TCJA») that was enacted on December 22, 2017, and changes to the interpretations of or guidance related thereto, and the Company's ability to accurately calculate and estimate the effect of such changes; 21) any reduction
in our credit ratings; 22) our dependence on our suppliers, as well as the cost and availability of raw materials and purchased components; 23) our ability to recruit and retain a critical mass of highly - skilled employees and our relationships with the unions representing many of our employees; 24) spending by the U.S. and other governments on defense; 25) the possibility that our cash flows and our credit facility may not be adequate for our additional capital needs or for payment of interest on, and principal of, our indebtedness; 26) our exposure under our revolving credit facility to higher interest payments should interest rates increase substantially; 27) the effectiveness of any interest rate hedging programs; 28) the effectiveness of our internal control over financial reporting; 29) the outcome or impact of ongoing or future litigation, claims, and regulatory actions; 30) exposure to potential product liability and warranty claims; 31) our ability to effectively assess, manage and integrate acquisitions that we pursue, including our ability to successfully integrate the Asco business and generate synergies and other cost savings; 32) our ability to consummate our announced acquisition of Asco
in a timely matter while avoiding any unexpected costs, charges, expenses, adverse changes to business relationships and other business disruptions for ourselves and Asco as a result of the acquisition; 33) our ability to continue selling certain receivables through our supplier financing program; 34) the risks of doing business internationally, including fluctuations
in foreign current exchange rates, impositions of tariffs or embargoes, compliance with foreign laws, and domestic and foreign government policies; and 35) our ability to complete the proposed accelerated stock repurchase plan, among other things.
Something a bit less sexy than its flashy name suggests: it's the set of
regulations that will govern digital
currency businesses operating
in New York State.
The Financial Stability Board, a global watchdog that runs financial
regulation for G - 20 economies, took a cautious tone
in responding to calls from some countries to crack down on digital
currencies.
Regulation has been the hot - button issue
in digital
currency recently.
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.
The scant
regulation early
in the country's life, and the wide variety of paper
currencies in circulation via private banks and other state - chartered companies like insurance vendors and railroads, meant a free - for - all for any enterprising soul with a flair for forgery.
«
In emerging markets,
regulations have become a favored additional tactic, for example changes to tax laws or new macro prudential measures where
currency weakness is a likely result.
He said while the government will likely always participate
in regulation in some form, it would «behoove investors» to come together and form some type of independent oversight committee — before Congress makes a decision as to who should regulate spot
currencies and how.
The pace at which that occurs will be determined by how quickly those involved
in digital
currencies accept and adapt to a real
regulation and adjust such
currencies to better protect consumers and investors.
In addition to their other duties, the mentors are expected to help entrepreneurs ensure their companies are compliant with all the
regulations concerning Bitcoin and other digital
currencies.
In March, the Financial Crimes Enforcement Network, a division of the U.S. Treasury, made its first steps toward
regulation when it issued an «an interpretive guidance to clarify the applicability of the
regulations implementing the Bank Secrecy Act («BSA») to persons creating, obtaining, distributing, exchanging, accepting, or transmitting virtual
currencies.»
Companies that work with digital
currency tend to oppose stricter
regulation like the plan put forward
in New York.
Le Maire's call for G20 nations to join together
in comprehensive talks over bitcoin, and cryptocurrency more broadly, echoed recent sentiments from Joachim Wuermeling, a board member at Bundesbank
in Germany, who had previously stated, «Effective
regulation of virtual
currencies would therefore only be achievable through the greatest possible international cooperation, because the regulatory power of nation states is obviously limited.»
At a news conference, the commissioner of the SEC, Emilio Aquino, indicated that the commission is inclined to consider «so - called virtual
currencies offerings as possible securities,
in which case we will apply the Securities
Regulation Code.»
The comments that were made
in response to «Virtual
Currency: Outline Regulatory Framework» favored
regulation by the Financial Commission, the rough equivalent of the US Securities and Exchange Commission.
During the last couple of months, the European Parliament (EP) and Commission (EC) have been actively involved
in discussion of appropriate
regulation for the digital
currency market.
International investments involve additional risks, which include differences
in financial standards,
currency fluctuations, geopolitical risk, foreign taxes, and
regulations, and the potential for illiquid markets.
New York's virtual
currency regulation requires a virtual
currency business to obtain a «BitLicense»
in order to operate within the state.
The Bank of Korea stresses the importance of
regulation for digital
currencies due to the susceptibility of criminal activity and identifies regulatory activities
in the U.S., EU, and Japan as examples.
This proposed statutory language, which all states will now have the option to adopt, is intended to «harmonize state - level
regulation of virtual
currencies in the absence of an overarching federal payments regulatory framework.»
FinCEN's
regulations define
currency (also referred to as «real»
currency) as «the coin and paper money of the United States or of any other country that [i] is designated as legal tender and that [ii] circulates and [iii] is customarily used and accepted as a medium of exchange
in the country of issuance.»
While wrongdoers unfortunately exist
in all facets of society, there is no basis to conclude that virtual
currency is enabling violence or other criminal activity, or that stricter
regulation of virtual
currency would have a meaningful impact on those activities.
However, the bipartisan introduction of H.R. 835 at a time when the country is
in the midst of a polarized presidential election, can signal legislators on both sides of the aisle to believe that federal
regulation of virtual
currency and blockchain technology is necessary to ensure that consumers obtain the full benefit of these innovations.
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.
Such risks and uncertainties include, but are not limited to: our ability to achieve our financial, strategic and operational plans or initiatives; our ability to predict and manage medical costs and price effectively and develop and maintain good relationships with physicians, hospitals and other health care providers; the impact of modifications to our operations and processes; our ability to identify potential strategic acquisitions or transactions and realize the expected benefits of such transactions, including with respect to the Merger; the substantial level of government
regulation over our business and the potential effects of new laws or
regulations or changes
in existing laws or
regulations; the outcome of litigation, regulatory audits, investigations, actions and / or guaranty fund assessments; uncertainties surrounding participation
in government - sponsored programs such as Medicare; the effectiveness and security of our information technology and other business systems; unfavorable industry, economic or political conditions, including foreign
currency movements; acts of war, terrorism, natural disasters or pandemics; our ability to obtain shareholder or regulatory approvals required for the Merger or the requirement to accept conditions that could reduce the anticipated benefits of the Merger as a condition to obtaining regulatory approvals; a longer time than anticipated to consummate the proposed Merger; problems regarding the successful integration of the businesses of Express Scripts and Cigna; unexpected costs regarding the proposed Merger; diversion of management's attention from ongoing business operations and opportunities during the pendency of the Merger; potential litigation associated with the proposed Merger; the ability to retain key personnel; the availability of financing, including relating to the proposed Merger; effects on the businesses as a result of uncertainty surrounding the proposed Merger; as well as more specific risks and uncertainties discussed
in our most recent report on Form 10 - K and subsequent reports on Forms 10 - Q and 8 - K available on the Investor Relations section of www.cigna.com as well as on Express Scripts» most recent report on Form 10 - K and subsequent reports on Forms 10 - Q and 8 - K available on the Investor Relations section of www.express-scripts.com.
As more states begin to enact legislation regulating virtual
currency businesses, those watching and working
in this arena have begun to question whether California will make another attempt to enact virtual
currency business
regulation.
The recently enacted North Carolina Money Transmitters Act takes a more business - friendly approach to regulating virtual
currency businesses than the stringent New York BitLicense
regulation to the extent that it defines virtual
currency and many other necessary terms so that businesses have more guidance
in navigating the legislation.
Conduct a comparative review of the securities laws and
regulation in various countries
in connection with digital
currencies.
However, he points out that even though the CBI has yet to devise definitive
regulations for Bitcoin and similar
currencies, «many
in Iran are dealing with Bitcoin, be it purchasing, selling or mining it, and even dealing with it
in exchange shops, creating content and establishing startups».
The remarks follow two days of hearings
in New York on the potential
regulation of virtual
currencies.
Iran's High Council of Cyberspace, one of the main entities deciding the fate of virtual
currencies in Iran, has welcomed the idea of Bitcoin and other cryptocurrencies if they are harnessed by clearly - stated
regulations.
Read more
in: Blockchain & Digital
Currency, Global, Politics, Legal &
Regulation Tagged bitcoin, france, taxes
Germany has not placed heavy restrictions on cryptocurrency as of yet and,
in February, the country's president said, «Effective
regulation of virtual
currencies would... only be achievable through the greatest possible international cooperation.»
Read more
in: Blockchain & Digital
Currency, Politics, Legal &
Regulation Tagged cftc, ethereum, katherine wu, sec
Read more
in: Blockchain & Digital
Currency, Global, Politics, Legal & Regulation Tagged australian digital chamber of commerce, bermuda, binance, joseph weinberg, loretta joseph, shyft, virtual curr
Currency, Global, Politics, Legal &
Regulation Tagged australian digital chamber of commerce, bermuda, binance, joseph weinberg, loretta joseph, shyft, virtual
currencycurrency act
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.
South Korea's largest bank, Shinhan Bank, said on Friday that it would be closing down the virtual
currency accounts it offers
in order to comply with new
regulations surrounding their use.
Keynote topics and sessions will range from the future of fintech unfolding
in Asia, the evolution and limits of current financial
regulation, and investment from within or without the region to the future of digital banks, AI, blockchain, and digital
currency.
Read more
in: Blockchain & Digital
Currency, Global, Politics, Legal &
Regulation Tagged asic, australia, australian securities and investments commission, ico, initial coin offerings, john price
Many factors could cause BlackBerry's actual results, performance or achievements to differ materially from those expressed or implied by the forward - looking statements, including, without limitation: BlackBerry's ability to enhance its current products and services, or develop new products and services
in a timely manner or at competitive prices, including risks related to new product introductions; risks related to BlackBerry's ability to mitigate the impact of the anticipated decline
in BlackBerry's infrastructure access fees on its consolidated revenue by developing an integrated services and software offering; intense competition, rapid change and significant strategic alliances within BlackBerry's industry; BlackBerry's reliance on carrier partners and distributors; risks associated with BlackBerry's foreign operations, including risks related to recent political and economic developments
in Venezuela and the impact of foreign
currency restrictions; risks relating to network disruptions and other business interruptions, including costs, potential liabilities, lost revenues and reputational damage associated with service interruptions; risks related to BlackBerry's ability to implement and to realize the anticipated benefits of its CORE program; BlackBerry's ability to maintain or increase its cash balance; security risks; BlackBerry's ability to attract and retain key personnel; risks related to intellectual property rights; BlackBerry's ability to expand and manage BlackBerry ® World ™; risks related to the collection, storage, transmission, use and disclosure of confidential and personal information; BlackBerry's ability to manage inventory and asset risk; BlackBerry's reliance on suppliers of functional components for its products and risks relating to its supply chain; BlackBerry's ability to obtain rights to use software or components supplied by third parties; BlackBerry's ability to successfully maintain and enhance its brand; risks related to government
regulations, including
regulations relating to encryption technology; BlackBerry's ability to continue to adapt to recent board and management changes and headcount reductions; reliance on strategic alliances with third - party network infrastructure developers, software platform vendors and service platform vendors; BlackBerry's reliance on third - party manufacturers; potential defects and vulnerabilities
in BlackBerry's products; risks related to litigation, including litigation claims arising from BlackBerry's practice of providing forward - looking guidance; potential charges relating to the impairment of intangible assets recorded on BlackBerry's balance sheet; risks as a result of actions of activist shareholders; government
regulation of wireless spectrum and radio frequencies; risks related to economic and geopolitical conditions; risks associated with acquisitions; foreign exchange risks; and difficulties
in forecasting BlackBerry's financial results given the rapid technological changes, evolving industry standards, intense competition and short product life cycles that characterize the wireless communications industry.
Today's stories include a new mark
in the evolving relationship between payments and biometrics, along with a look at possible new
regulation for digital
currency.
They argued that
regulation could slow innovations
in the blockchain technology that underpins virtual
currencies such as bitcoin.
Click here for an overview on how the United States compares to other countries
in virtual
currency regulation.
The confidence
in Bitcoin may break as a result of unexpected changes such as: unfavorable legal
regulations, banning electronic legal tenders, introducing the prohibition on trading
in virtual
currency in specific areas, imposing high taxes, creating competitive alternative
currencies, deflation, and other factors which may significantly affect the shaping of the exchange rate of Bitcoin against other
currencies.
The problem being faced with cryptocurrency is its anonymity and absence of proper
regulations in the digital
currency market.
A slowing economy, uncertain fuel price
regulations, new taxes and a weakening
currency have slowed new - car sales to a 2.8 % gain
in May from 7 % the same month a year earlier.
As such, there are still concerns regarding the cryptocurrency market, but hopefully, the new reforms coupled with stricter
regulations, laws and mechanisms to effectively regulate cryptocurrencies dealings will hopefully decrease the threat of digital
currency misuse
in the country.
- + * The New York State Department of Financial Services (NYSDFS) has proposed
regulations for virtual
currency use
in that state, which if implemented could dramatically affect the future of Bitcoin transactions.