Sentences with phrase «currency services for»

Not exact matches

Simply put, inflation occurs when a currency has reduced buying power for goods and services compared to the past.

«We believe that — for a number of reasons — putting in place appropriate regulatory safeguards for virtual currencies will be beneficial to the long term strength of the virtual currency industry,» Benjamin Lawsky, New York's superintendent for financial services, wrote in a draft memo reviewed by the Journal.

STOCKHOLM / LONDON, March 26 (Reuters)- Spotify, the world's top selling music streaming service, expects revenue to grow 20 - 30 percent this year as currency swings slow the pace from 2017, it said on Monday, as it gears up for a highly anticipated stock market listing next week.

For others though, those giant piles of coins are exactly what they're supposed to be: a currency that they want to exchange for goods and servicFor others though, those giant piles of coins are exactly what they're supposed to be: a currency that they want to exchange for goods and servicfor goods and services.

Using bitcoin or other virtual currency to purchase goods and services is considered exchanging property, and all the transactions must be tracked for gains and losses, said Bryan Skarlatos, a tax attorney at Kostelanetz & Fink LLP who has lectured and written about bitcoin.

It's not the first instance of the financial services industry showing support for digital currencies — the New York Stock Exchange recently invested in Coinbase, which just launched a Bitcoin exchange — but it's a demonstration of continued investment and interest in the technology's possibilities.

The news will come as a relief to thousands of people who dabbled in bitcoin but faced the prospect of a tax investigation for failing to disclose they sold a small amount of the currency, or used it to purchase goods and services.

In August, a slew of bitcoin companies cut off service to New York rather than apply for a BitLicense, the regulatory hall - pass created by the NYDFS to cover digital - currency business deemed «money transmitters.»

There are two sources of demand for tokens: From people who need them to redeem services from the company who issued them, and from other investors who think the token will rise in price like a stock or a currency.

Another powerful motive for many in the southern countries, Greece, Italy, Spain, Portugal, countries that had never in their very long histories had a hard currency, was to exploit the desire of the Germans, and the permanent EU civil service, for a larger, closer Europe, by signing into the euro, acquiring for the first time a hard currency, that they confidently expected Germany to finance.

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.

Last year TransferWise started offering banking services to select users that would allow them to convert currencies for free.

Bitcoin is a digital currency that enables individuals to transfer value to each other and pay for goods and services outside of the regulated financial system.

HaoBTC is a Beijing - based bitcoin company that offers a wallet for storing the digital currency as well as a traditional mining service with a mine in Kangding, China.

Although the lack of jurisdiction over Bitcoin and its links to money laundering and illicit marketplaces have raised more than a few eyebrows, the currency offers a simple way for legitimate businesses such as small retailers and professional service providers to accept payments for international sales without facing onerous credit card fees or exchange - rate surcharges.

These and other service providers have had the advantage of a weak currency for years now and they aren't doing much with it.

Indiegogo founder and former CEO Slava Rubin discusses the crowdfunding site's new service for initial coin offerings as well as what he sees for the future of blockchain - based technology and currencies.

Catalonia could also face economic turmoil due to its separation for the European single currency, and increased tariffs on their goods and services.

ScriptSave, a company based in Tucson that manages prescription - drug - benefit programs, has even created its own currency, called Bravo Bucks (redeemable for gifts), that's awarded to employees who excel in providing customer service.

We are excited to announce that we now accept Bitcoin digital currency and you are now able to pay for all of your favorite No - IP services with Bitcoins!

Building off of its November 2017 Discussion Paper on Initial Coin Offerings, Virtual Currencies and Related Service Providers, the MFSA's most recent report analyzes how the European Union's overarching Market's in Financial Instruments Directive (MiFID) defines financial instruments and, more importantly, if those definitions carry implications for DLT assets like virtual cCurrencies and Related Service Providers, the MFSA's most recent report analyzes how the European Union's overarching Market's in Financial Instruments Directive (MiFID) defines financial instruments and, more importantly, if those definitions carry implications for DLT assets like virtual currenciescurrencies.

Unhedged foreign currency debt, as was prominent in 1997, means that a fall in the currency pushes up debt servicing costs for the government, local corporates and banks, but a rise in interest rates to assist the exchange rate has the same adverse effect.

We are the team of Swiss based cryptocurrency enthusiasts and web hosting professionals who focus on providing secure and private services for decentralized currencies economy and environment.

This eliminates direct currency risk for US investors, but raises the possibility that a strengthening dollar or weakening local currency could make the debt harder to service, increasing credit risk.

The currency called «Bilur» (Basque for «chain») was created by London - based financial services company R FinTech to compete with other industry leading cryptocurrencies like bitcoin.

«From the date of release of this Notice, any so - called platform that provide trading and exchange services for coin offering shall not engage in exchange businesses between legal tender and token or «virtual currency»; or engage in proprietary trading activities or trading as an central counterparty of tokens or «virtual currencies»; or provide pricing services or act as information intermediary for tokens or «virtual currencies.»»

Metropolitan hasn't said whether or not it plans to restore its services for the digital currency market, nor is it clear what will happen to the money that international clients have held with the bank.

According to the draft, the act's purpose is to «create a statutory structure for regulating the «virtual currency business activity» of person offering services or products to residents of enacting states.»

What passed for Soviet Marxism lacked an understanding of how economic rents and the ensuing high labor costs affected international prices, or how debt service and capital flight affected the currency's exchange rate.

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.

Genesis Trading is a full - service, institutional trading firm focused on digital currencies, providing two - sided liquidity on a daily basis for buyers and sellers.

In June 2015, New York, through its Department of Financial Services (NYDFS), became the first state to adopt a detailed framework for regulating virtual currency businesses.

Inflation is the rate at which the general level of prices for goods and services is rising and, consequently, the purchasing power of currency is falling.

A taxpayer who receives virtual currency as payment for goods or services must, in computing gross income, include the fair market value of the virtual currency, measured in U.S. dollars, as of the date that the virtual currency was received.

The licenses required for Money Service Operators only pertain to those entities who deal with fiat currencies.

This devalues that currency, requiring more of the same currency to be required for the same good or service.

«We have many exciting plans for 2016, one of which will be offering services to Alliance members in multiple languages and currencies.»

Here the cryptocurrency will not only be used as a loyalty token but also as a currency that will be used to pay for services or for any kind of exchange as the promotional rewards.

While both ether and bitcoin are cryptocurrencies and can be traded, exchanged, and transacted between users, ether is largely used to pay for services and transaction fees on the network — enabling the development and distribution of applications — while bitcoin is used more closely to an actual currency and alternative therein.

«BitPay plays an important role in the crypto - currency ecosystem by helping consumers, businesses and other financial institutions seamlessly accept and transfer Bitcoin for goods and services in the real world,» stated Max Chee, Head of Aquiline Technology Growth.

This is based on a simple economic model that states not all production (financial services in this case) will relocate to the large economy (the EU) as the small economy (UK) is able make up for its lack of competitiveness by having a weaker currency.

These services include, the «social currency» the Palma, circulating in the area (for years this was paper - based but now is also in digital form), but also credit in national currency (the Real) for producers and interest - free credit in Palmas for consumers.

Since then, hundreds of other Internet currencies have emerged to provide numerous options of paying for goods and services across the world in a way that is both safe and anonymous.

The complementary currency itself has declined in importance over the period while levels of overall consumption of goods and services have increased (although it is unclear whether the recent digitisation is to change this) A detailed study18 of the usage and circulation of the Palma found that around half of its usage was accounted for by just 6 economic actors in addition to the Banco Palmas itself: four local stores selling basic consumer items, the neighbourhood petrol station, and a party and décor shop.

«Services» — shall refer to Company's services offered on the Website for purchasing digital currency, which will be promoted by the Affiliate in accordance with the material provided to the Affiliate by the Services» — shall refer to Company's services offered on the Website for purchasing digital currency, which will be promoted by the Affiliate in accordance with the material provided to the Affiliate by the services offered on the Website for purchasing digital currency, which will be promoted by the Affiliate in accordance with the material provided to the Affiliate by the Company.

With these offerings, the CME Group is positioning itself as a market leader in the rapidly - growing digital currency space, «Delivering innovative products and services that meet the market's evolving needs is at the core of CME Group's business, and we are proud to lead the way for the industry as digital assets develop.»

The company offers a suite of products and services which are designed to make it easy for the average consumer or business to use Bitcoin and alternative decentralized digital currencies.

If so, then these needs to be traded on the open stock markets & accepted as payment just as a US Dollar for services, debts and any other purpose that the currency serves as.

Or, almost no one: «The license is not required for merchants or consumers that utilize Virtual Currency solely for the purchase or sale of goods or services; or those firms chartered under the New York Banking Law to conduct exchange services and are approved by DFS to engage in Virtual Currency business activity.»

The deal about this kind of services is that they only convert bitcoin into rubles and execute payments by using the national Russian currency and so there are no reasons for the Russian government to consider it illegal.