Sentences with phrase «currency schemes such»
The growth of virtual currency schemes such as Bitcoin and Second Life's Linden Dollars, could have a negative reputational impact on central banks due to their inherent instability, warns the European Central Bank.
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«Yesterday, we seized brochures that have to do with business schemes relating to virtual currencies that would be operating abroad, and are advising the Bolivian population not be fooled with such schemes that only take advantage of the population by acquiring their money.»
Certain schemes involving virtual currency marketed to retail customers, such as off - exchange financed commodity transactions with persons who fail to register with the CFTC.»
In a statement, they mentioned that: «The Reserve Bank of India advises that it has not given any license / authorization to any entity / company to operate such schemes or deal with bitcoin or any virtual currency.
The alternative digital currency has long - faced accusations from prominent members of the crypto community, such as Ethereum creator Vitalik Buterin, of being nothing more than a Ponzi scheme.
In the month of February, the Reserve Bank of India again warned the citizens that it has given any licence / authorisation to any entity / company to operate such schemes or deal with bitcoins or any virtual currency.
The Reserve Bank of India has so far issued three press releases — on December 5, 2017, February 1, 2017, and December 24, 2013 — cautioning «users, holders and traders of Virtual Currencies (VCs) including Bitcoins regarding the potential economic, financial, operational, legal, customer protection and security related risks associated in dealing with such VCs», and clarifying that «it has not given any licence / authorisation to any entity / company to operate such schemes or deal with Bitcoin or any VC».
''... RBI has clarified that it has not given any licence / authorization to any entity / company to operate such schemes or deal with bitcoin or any digital currency.»
With every win, you will earn in - game currency which can be used to unlock cosmetic items for characters such as skins and alternate outfit schemes.
«The public is hereby warned that such investment schemes whether with the use of money or virtual currencies such as bitcoin, ethereum, ripple, dash, litecoin, monero, SIBcoin, mooncoin and many others are considered as securities subject to the regulatory authority of this Commission.»